College Accounting: A Career Approach (with Quickbooks Accountant 2015 Cd-rom)

12th Edition

ISBN: 9781305863385

Author: Cathy J. Scott

Publisher: Cengage Learning

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Textbook Question

Chapter 10, Problem 4QY

Which of the following is not an advantage of the cash receipts journal?

a. Transactions do not have to be posted on a regular basis.
b. Transactions can be recorded on one line.
c. Transactions involving debits to Cash are recorded in one place.
d. Repetition in posting is eliminated.
e. Special columns can be used for similar transactions.

Expert Solution & Answer

Chapter 10 Solutions

College Accounting: A Career Approach (with Quickbooks Accountant 2015 Cd-rom)

Ch. 10 - What do credit terms of 2/10, n/30 mean? 210 days...Ch. 10 - What is the entry to record the cash received on a...Ch. 10 - Prob. 3QY Ch. 10 - Which of the following is not an advantage of the...Ch. 10 - Prob. 5QY Ch. 10 - What is the normal balance for each of the...Ch. 10 - What does an X under the total of a special...Ch. 10 - Prob. 3DQ Ch. 10 - In a cash receipts journal, both the Accounts...Ch. 10 - If a cash payments journal is supposed to save...

Ch. 10 - Describe the posting procedure for a cash payments...Ch. 10 - Prob. 7DQ Ch. 10 - Prob. 8DQ Ch. 10 - For the following purchases of merchandise,...Ch. 10 - Describe the transactions recorded in the...Ch. 10 - Describe the transactions recorded in the...Ch. 10 - Record the following transactions in general...Ch. 10 - Prob. 5E Ch. 10 - Record general journal entries to correct the...Ch. 10 - Label the blanks in the column heads as either...Ch. 10 - Describe the transaction recorded.Ch. 10 - Prob. 9E Ch. 10 - Indicate the journal in which each of the...Ch. 10 - The following transactions were completed by...Ch. 10 - Preston Company sells candy wholesale, primarily...Ch. 10 - MacDonald Bookshop had the following transactions...Ch. 10 - The following transactions were completed by...Ch. 10 - The following transactions were completed by...Ch. 10 - The following transactions were completed by Yang...Ch. 10 - C. R. McIntyre Company sells candy wholesale,...Ch. 10 - Prob. 3PB Ch. 10 - The following transactions were completed by Yang...Ch. 10 - Prob. 5PB Ch. 10 - Prob. 1A Ch. 10 - You are the manager of the Accounts Receivable...Ch. 10 - Prob. 3A Ch. 10 - Suppose we collected cash from a charge customer...Ch. 10 - Prob. 1CP

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