College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN: 9781337280570
Author: Scott, Cathy J.
Publisher: South-Western College Pub
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Chapter 10, Problem 3PA

MacDonald Bookshop had the following transactions that occurred during February of this year:

Chapter 10, Problem 3PA, MacDonald Bookshop had the following transactions that occurred during February of this year:

Required

  1. 1. Journalize the transactions for February in the cash payments journal. Assume the periodic inventory method is used.
  2. 2. If you are using Working Papers, total and rule the journal. Prove the equality of the debit and credit totals.
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I've included the answer to part three, so you should be able to fill in the general ledger this time.
Oriole Products uses both special journals and a general journal. Oriole also posts customers' accounts in the accounts receivable subsidiary ledger. The postings for the most recent month are included in the subsidiary T-accounts below. Estes Bal. 305 245 Truong 0 Bal. 225 Gehrke Bal. 275 170 Weiser Bal. 155 310 160 230 225 275 155 Determine the correct amount of the end-of-month posting from the sales journal to the Accounts Receivable control account.
Match the following transactions to the special journal you would use to record them:

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College Accounting (Book Only): A Career Approach

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