ACCOUTING PRIN SET LL INCLUSIVE
ACCOUTING PRIN SET LL INCLUSIVE
14th Edition
ISBN: 9781119815327
Author: Weygandt
Publisher: WILEY
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Chapter 7, Problem 10BE

(a)

To determine

Cash receipts journal: Cash receipts journal is a journal which records all the cash receipts in the business. This record the cash purchases, cash sales, and the cash received in the business. This is a special journal. One column or two column cash receipt journal has not enough space for all cash receipts, so the companies use a multiple column cash receipts journal.

To indicate: The column of posting for accounts receivable

(b)

To determine

To indicate: The column of posting for sales discount

(c)

To determine

To indicate: The column of posting for cash

(d)

To determine

To indicate: The column of posting for other accounts

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