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 3PSA

(a)

To determine

Sales Journal: A sales journal is a special journal which records the credit sales transactions and the transactions which are of sales on account.

Purchases Journal: A purchases journal is that special journal which is made to record the credit purchases and the purchases made on the account in a business.

General journal: A general journal is that journal which records those transactions which are not recorded in the special journal. The closing, correcting and adjusting entries are recorded in the general journal.

To journalize: The transactions in the purchases journal, a sales journal and a general journal.

(b)

To determine

To prepare: The general and subsidiary ledger accounts and then posting the transactions in it.

(c)

To determine

The balance agreement of the control account and the subsidiary account.

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Chapter 7 Solutions

ACCOUTING PRIN SET LL INCLUSIVE

Ch. 7 - Prob. 1QCh. 7 - Prob. 2QCh. 7 - 3. What are common features of computerized...Ch. 7 - Prob. 4QCh. 7 - Prob. 5QCh. 7 - 6. (a) When do companies normally post to (1) the...Ch. 7 - 7. Identify and explain the four special journals...Ch. 7 - 8. Kensington Company uses special journals. It...Ch. 7 - Prob. 9QCh. 7 - 10. Why would special journals used in different...
Ch. 7 - Prob. 11QCh. 7 - 12. One column total of a special journal is...Ch. 7 - Prob. 13QCh. 7 - Prob. 14QCh. 7 - Prob. 15QCh. 7 - Prob. 16QCh. 7 - Prob. 17QCh. 7 - Prob. 1BECh. 7 - Prob. 2BECh. 7 - Prob. 3BECh. 7 - Prob. 4BECh. 7 - Prob. 5BECh. 7 - Prob. 6BECh. 7 - Prob. 7BECh. 7 - Prob. 8BECh. 7 - Prob. 9BECh. 7 - Prob. 10BECh. 7 - Prob. 1DIECh. 7 - Prob. 2DIECh. 7 - Prob. 3DIECh. 7 - Prob. 1ECh. 7 - Prob. 8ECh. 7 - E7-10 Below are some typical transactions incurred...Ch. 7 - Prob. 11ECh. 7 - Prob. 12ECh. 7 - E7-13 Tresh Products uses both special journals...Ch. 7 - Prob. 14ECh. 7 - Prob. 1PSACh. 7 - Prob. 2PSACh. 7 - Prob. 3PSACh. 7 - Prob. 4PSA
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