Recording Transactions in a General Journal: Objectives
After you have completed this section, you will be able to:
- Explain the first three steps in the accounting cycle.
- Give and describe several examples of source documents.
- Explain the purpose of journalizing.
- Apply information from source documents.
- Describe the steps to make a general journal entry.
- Correct errors in general journal entries.
- Define the accounting terms introduced in this chapter.