This article is from the rec.audio.* FAQ, by with numerous contributions by Bob Neidorff others.
Yes. Connect pin 1 to ground/green, pin 2 to white, and
pin 3 to black. Herb Hamilton suggests that you remember
"George Washington Bridge" and then use the first letter
of each word (GWB) to help you remember Green=1, White=2,
and Black=3. This same wiring convention works for
balanced line level signals and balanced microphone cables.
 
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