Day 19

After studying Chapter 3, you will be able to:

  1. Define accounting terms related to journalizing transactions.
  2. Identify accounting concepts and practices related to journalizing transactions.
  3. Record in a general journal transactions to set up a business.
  4. Record in a general journal transactions to buy insurance for cash and supplies on account.
  5. Record in a general journal transactions that affect owner’s equity and receiving cash on account.
  6. Start a new journal page.

Chapter 3 Folder

  1. Share your Chapter 3 folder with your teacher.  Your folder should include the following:
    • Lesson 3-1
    • Lesson 3-2
    • Lesson 3-3
    • Lesson 3-4
    • Mastery Problem 3-6
    • Challenge Problem 3-7
    • Using Source Documents

Chapter 3 Exam

  1. Chapter 3 Exam (password required)

Assignment

  1. Read Chapter 4.