Chart of Accounts   11 Cash 12 Accounts Receivable 14 Computer Supplies 18 Equipment 21 Accounts Payable 23 Notes Payable 31 O. Myer, Capital 32 O. Myer, Drawing 41 Fees Earned 51 Wages Expense 52 Rent Expense   Journalize the following transaction: July 19  Received $11,000 in cash for fees earned hint: you may not need to fill in every box                                                GENERAL JOURNAL                              Page 1 Date Description Post Debit Credit

Q: Colaw Stores accepts both its own and national credit cards. During the year, the following selected…

A: PLEASE LIKE THE ANSWER, YOUR RESPONSE MATTERS      Debit Credit     Jan.15 Accounts Receivable…

Q: Enter a credit balance of $38,400 as of September 1, 20Y4 in the Accounts Payable general ledger…

A: Ledgers - After recording transactions in the journal next step is to transfer them into ledgers.…

Q: Cash balance per bank $4,500 Outstanding checks $200 Deposits in transit $1,000 Credit memo for…

A: Formula: Adjusted Cash balance = Cash balance per bank + Deposit in Transit - outstanding checks.

Q: Calculator A $200 petty cash fund has cash of $20 and receipts of $177. The journal entry to…

A: Petty cash fund refers to the small amount of money which an organization keeps for paying its minor…

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A: Solution: General Ledger Cash Account Date Item Debit Credit Debit balance Credit balance…

Q: C. December 1. Wrote check to establish a petty cash fund, $200 CK NO. 21. d. December 9. Used debit…

A: Journal Entry: Journalizing entails recoding business transactions in the Journal in a chronological…

Q: Question 5 Catherine’s Cookies has a beginning balance in the Accounts Receivable control total…

A: Accounts receivable: It refers to the amounts to be received within a short period from customer…

Q: Post the transactions to T-accounts.

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A: Option b is the answer

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Q: 1 2 3 4 5 6 7 8 > Pay cash on accounts payable, $9,800. Note: Enter debits before credits. Date…

A: The journal entries are prepared to keep the record of day to day transactions of the business.

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A:

Q: - Interest earned on the bank balance: $30 Required: (a) Prepare a bank reconciliation for the month…

A: Bank reconciliation Statement compares Cash book balance of the company with its Bank Statement.

Q: GENERAL JOURNAL Page 52         DATE DESCRIPTION POST. REF. DEBIT CREDIT   1 20--         1 2 August…

A:

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A: 1.                                      Deposit slip…

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A: The sales Ledger Control Account is generally prepared to check the accuracy of the individual trade…

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A: Transactions that are present in the bank statement correctly but not in the books are recorded.

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A: Every business would have a certain amount of purchases and sales. These transactions are the…

Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.