Question 11 of 11 - Practice Pre-Quiz_ Chapter 6

Using the sales and cash receipts journals The sales and cash receipts journals of Caverly Office Products include the following entries: Identify the missing information in the cash receipts journal for those transactions listed. All credit sales are terms n/30. Assume all the accounts are paid in full. Also, total the columns in the cash receipts journal and show that total debits equal total credits.

Answer the balance column of the general ledg

A £500 cash sale was entered as a debit in the sales account and a credit in the bank account. What type of error is this? Select one: A. Compensating B. Ommission C. Reversal of entries O D. Original entry E. Commission O F. Principle

Enter a credit balance of $38,400 as of September 1, 20Y4 in the Accounts Payable general ledger account. Place a check mark (✓) in the Posting Reference column. Post the September 18, 20Y4, transaction to the account. For those boxes in which no entry is required, leave the box blank. Account Accounts Payable Account No. 21 DATE ITEM POST.REF. DEBIT CREDIT BALANCEDEBIT CREDIT Sept. 1, 20Y4 Balance           Sept. 18, 20Y4

In detail please.

What should the closing balance be when the errors have been corrected? A $325,200 B $350,400 C $358,800 D $376,800

making currect answer. attched files

In detail please

Find all the mistakes in the following general ledgers using the information from the general journal provided.

Provide the SALES JOURNAL only.

Please help with the following question    COMPLETION STATEMENTS ​1.​Notes and accounts receivable that result from sales transactions are often called______________ receivables.   ​2.​Two accounting problems associated with accounts receivable are (1) ______________ and (2) ______________ accounts receivable.   ​3.​The net amount expected to be collected in cash from receivables is the _____________.   ​4.​When credit sales are made, _________________ Expense is considered a normal and necessary risk of doing business on a credit basis.   ​5.​The two methods used in accounting for uncollectible accounts are the ____________ method and the ______________ method.   ​6.​Allowance for Doubtful Accounts is a_____________ account which is ______________ from Accounts Receivable on the balance sheet.   ​7.​When the allowance method is used to account for uncollectible accounts, ____________ is debited when an account is determined to be uncollectible.   ​8.​The _________________ basis of…

Give Answer with Explanation

In detail please

Required information [The following information applies to the questions displayed below.] Required: 1. Create a calculated field to calculate the Days Past Due for each invoice. 2. Summarize the accounts receivable by customer. 3. Get the detailed receivables for the customer "Taste of Thai". Ask the Question: How can we use Tableau on the total detailed late accounts receivables balance to get specific detail on invoices due by customer? Master the Data: To begin, we have a list of 200 receivables that are all past their due date as of today's date of 12/31/2021. This is shown in the Excel file Lab 2-2 Data.xlsx, which will be imported into Tableau. Software needed ⚫ Tableau • Screen capture tool (Windows: Snipping Tool; Mac: Cmd+Shift+4) Data: Excel File Lab 2-2 Alt Data.xlsx. Perform the Analysis: Refer to Lab 2-2 Alternative in the text for instructions and Lab 2-2 steps for each of the lab parts. Share the Story: Required: 1. What is the grand total amount owed in past due…

1. The column in the cash receipts journal that will always be debited is A. cash column B. sales discount column C. sundry amount column D. sales column 2. Each time an entry is recorded in the purchases journal, the credit would be entered in the A. purchase column B. accounts payable column C. accounts receivable column D. none of the above 3. Infrequent sales returns would appear in which journal? A. sales B. general C. cash receipts D. cash disbursements 4. The controlling account in the general ledger that summarizes the debits and credits to the individual accounts in the customer's ledger is entitled A. Accounts Receivable B. Accounts Payable C. Sales D. Purchases 5. The individual amounts in the “Accounts Payable" column of the purchases journal are posted to the appropriate account in the A. general ledger B. general journal C. accounts payable ledger D. accounts receivable ledger

shj.4

Show correction of errors when working this out

attched

Each time an entry is recorded in the purchases journal, the credit would be entered in the A. purchase column B. accounts payable column C. accounts receivable column D. none of the above