GOO Activity 2: Format of a Cash Receipt Journal INFORMATION: Date: Mr. Potty Plant recently started his business, Green Fingers Garden Services, on the 1 January 2021. You were appointed as an accountant to assist Mr. Plant with his business finances. You require some information from Mr. Plant to start with the bookkeeping. After receiving all his source documents (Step 2 in the Accounting Cycle), you must start preparing the first Cash Receipt Journal. (Step 3 in the Accounting Cycle). INSTRUCTIONS: Complete the following template by filling in the missing information in the spaces provided. Analysis columns for the CRJ 1: Analysis of receipts, Bank, Current Income and Sundry Account. Green Fingers Garden 1) Cash Receipts Journal 07 Rotty Plant 7or 1 January 20.1 Roo! EZ (2)ERJA (4) (5) (6) (7) (8) Turren Sunday (10) (9) unt accounts (11) (12)

GOO Activity 2: Format of a Cash Receipt Journal INFORMATION: Date: Mr. Potty Plant recently started his business, Green Fingers Garden Services, on the 1 January 2021. You were appointed as an accountant to assist Mr. Plant with his business finances. You require some information from Mr. Plant to start with the bookkeeping. After receiving all his source documents (Step 2 in the Accounting Cycle), you must start preparing the first Cash Receipt Journal. (Step 3 in the Accounting Cycle). INSTRUCTIONS: Complete the following template by filling in the missing information in the spaces provided. Analysis columns for the CRJ 1: Analysis of receipts, Bank, Current Income and Sundry Account. Green Fingers Garden 1) Cash Receipts Journal 07 Rotty Plant 7or 1 January 20.1 Roo! EZ (2)ERJA (4) (5) (6) (7) (8) Turren Sunday (10) (9) unt accounts (11) (12)

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter10: Accounting For Sales And Cash Receipts

Section10.4: Posting From A Cash Receipts Journal

Problem 1OYO

See similar textbooks

Similar questions

10. In Exhibit 3.6, you see a credit sale to G. H. Allen that is recorded in a paper-based accounting system. On July 28, 2021, Aca Pool Co. received check number 6311 from G. H. Allen in payment of his outstanding invoice. Required: a. Record the receipt of Allen's check on the cash receipts prelist, document number CR645. Your instructor will provide you a blank form. b. Use the prelist as your source document to record this cash receipts transaction in the appropriate 14
Complete the following to record office expenses that Mookie The Beagle™ Concierge incurred and paid by check. Create a Check. Select Create (+) icon > Check Add Vendor Payee: Bichotte Supplies Select Payment Date: 01/13/2022 Select Bank Account: Checking Select Category: Office Supplies & Software (Expenses) Enter Description: Office Supplies Enter Amount: 84.00 What is the Total for the Check? (Answer this question in the table shown below. Round your answer 2 decimal places.) Select Save and close View the Transaction Journal for the Check. From the Navigation Bar, select Expenses From the Expense Transactions List, select the Bichotte Supplies Check just entered From the bottom of the Bichotte Supplies Check, select More > Transaction Journal What are the Account and Amount Debited? (Answer this question in the table shown below. Round your answer 2 decimal places.) What are the Account and Amount Credited? (Answer this question in the table shown…
Week 4The following is the description of cash disbursements system of Two Symbols Limited:Upon receipt of the documents from accounts payable department, the cash disbursements clerk files the documents until their payment due date. On the due date, the clerk prepares a cheque for the invoiced amount, which is sent to the treasurer who signs it and mails back to the supplier.The cash disbursement clerk then updates the cheque register, accounts payable ledger, and accounts payable control account from the clerk’s terminal. Finally, the clerk files the invoice and copy of purchase order, receiving report, cheque in the department.Required:Describe the internal control weakness in Two Symbols’ cash disbursements system and discuss the risk associated with the weakness
Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 > Record the amounts that increase cash. Note: Enter debits before credits. Date General Journal Debit Credit October 31, 2021 Cash Record entry Clear entry View general journal
An unhappy customer just returned $50 of the items he purchased yesterday when he charged the goods to the companys store credit card. Which special journal would the company use to record this transaction? A. sales journal B. purchases journal C. cash receipts journal D. cash disbursements journal E. general journal
You just posted a debit to ABC Co. in the accounts receivable subsidiary ledger. Which special journal did it come from? A. sales journal B. cash receipts journal C. purchases journal D. cash disbursements journal E. general journal
Your company paid rent of $1,000 for the month with check number 1245. Which journal would the company use to record this? A. sales journal B. purchases journal C. cash receipts journal D. cash disbursements journal E. general journal
Prepare journal entries to record the following transactions. Create a T-account for Cash, post any entries that affect the account, and calculate the ending balance for the account. Assume a Cash beginning balance of $37,400. A. May 12, collected balance due from customers on account, $16,000 B. June 10, purchased supplies for cash, $4,444
You just posted a credit to Accounts Receivable. Which special journal did it come from? A. sales journal B. cash receipts journal C. purchases journal D. cash disbursements journal E. general journal
13-It is the list of all invoices sent out to Customers each day by your business a. Cash receipt journal b. Cash disbursement journal c. Sales day book d. Purchase day book
Your options are: A B C D E F
You are required toa. Calculate the correct closing balance of the bank account in the general ledger of Pepper Traders as at 31 August 2022. In vourcalculation, you should clearly name the item and list the amount that you are adjusting the bank balance with. b. Prepare the bank reconciliation statement as at 31 August 2022.