Types of Journal: There are two types of journal in which a transaction is reflected or recorded. The two types of journals are – • Special Journals that includes, sales journal, purchase journal, cash receipts journal and cash payment journals. All the transactions related to the type of journal are recorded in the respective journal • General Journal includes all the transactions other than the above mentioned transactions are recorded in this journal. In a cash disbursements journal, all the transactions related to cash payments are recorded whether they have been paid for salaries, expenses, purchase of merchandise or payments of accounts payable. The format of Cash Disbursements journal is as follows – Cash Disbursement Journal Date Ck. No Payee Account Debited PR Cash Cr. Purchase Discount Cr. Other Accounts Dr. Accounts Payable Dr. To prepare: Headings for cash disbursements journal and Journalize the April Transactions that should be recorded in the cash disbursements journal

Question

Want to see the full answer?

Answer 1

Question

Chapter 7, Problem 6E

To determine

Concept Introduction:

Types of Journal: There are two types of journal in which a transaction is reflected or recorded.

The two types of journals are –

• Special Journals that includes, sales journal, purchase journal, cash receipts journal and cash payment journals. All the transactions related to the type of journal are recorded in the respective journal

• General Journal includes all the transactions other than the above mentioned transactions are recorded in this journal.

In a cash disbursements journal, all the transactions related to cash payments are recorded whether they have been paid for salaries, expenses, purchase of merchandise or payments of accounts payable.

The format of Cash Disbursements journal is as follows –

Cash Disbursement Journal

Date Ck. No Payee Account Debited PR Cash Cr. Purchase Discount Cr. Other Accounts Dr. Accounts Payable Dr.

To prepare:

Headings for cash disbursements journal and Journalize the April Transactions that should be recorded in the cash disbursements journal

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Solve this question properly with no ai

Please given correct option for Financial accounting question I need step by step explanation

A company has a profit margin solve this accounting questions of 5% answer assets

Answer 2

Question

Chapter 7, Problem 6E

To determine

Concept Introduction:

Types of Journal: There are two types of journal in which a transaction is reflected or recorded.

The two types of journals are –

• Special Journals that includes, sales journal, purchase journal, cash receipts journal and cash payment journals. All the transactions related to the type of journal are recorded in the respective journal

• General Journal includes all the transactions other than the above mentioned transactions are recorded in this journal.

In a cash disbursements journal, all the transactions related to cash payments are recorded whether they have been paid for salaries, expenses, purchase of merchandise or payments of accounts payable.

The format of Cash Disbursements journal is as follows –

Cash Disbursement Journal

Date Ck. No Payee Account Debited PR Cash Cr. Purchase Discount Cr. Other Accounts Dr. Accounts Payable Dr.

To prepare:

Headings for cash disbursements journal and Journalize the April Transactions that should be recorded in the cash disbursements journal

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 7, Problem 6E

To determine

Concept Introduction:

Types of Journal: There are two types of journal in which a transaction is reflected or recorded.

The two types of journals are –

• Special Journals that includes, sales journal, purchase journal, cash receipts journal and cash payment journals. All the transactions related to the type of journal are recorded in the respective journal

• General Journal includes all the transactions other than the above mentioned transactions are recorded in this journal.

In a cash disbursements journal, all the transactions related to cash payments are recorded whether they have been paid for salaries, expenses, purchase of merchandise or payments of accounts payable.

The format of Cash Disbursements journal is as follows –

Cash Disbursement Journal

Date Ck. No Payee Account Debited PR Cash Cr. Purchase Discount Cr. Other Accounts Dr. Accounts Payable Dr.

To prepare:

Headings for cash disbursements journal and Journalize the April Transactions that should be recorded in the cash disbursements journal

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 7, Problem 6E

To determine

Concept Introduction:

Types of Journal: There are two types of journal in which a transaction is reflected or recorded.

The two types of journals are –

• Special Journals that includes, sales journal, purchase journal, cash receipts journal and cash payment journals. All the transactions related to the type of journal are recorded in the respective journal

• General Journal includes all the transactions other than the above mentioned transactions are recorded in this journal.

In a cash disbursements journal, all the transactions related to cash payments are recorded whether they have been paid for salaries, expenses, purchase of merchandise or payments of accounts payable.

The format of Cash Disbursements journal is as follows –

Cash Disbursement Journal

Date Ck. No Payee Account Debited PR Cash Cr. Purchase Discount Cr. Other Accounts Dr. Accounts Payable Dr.

To prepare:

Headings for cash disbursements journal and Journalize the April Transactions that should be recorded in the cash disbursements journal

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 7, Problem 6E

To determine

Concept Introduction:

Types of Journal: There are two types of journal in which a transaction is reflected or recorded.

The two types of journals are –

• Special Journals that includes, sales journal, purchase journal, cash receipts journal and cash payment journals. All the transactions related to the type of journal are recorded in the respective journal

• General Journal includes all the transactions other than the above mentioned transactions are recorded in this journal.

In a cash disbursements journal, all the transactions related to cash payments are recorded whether they have been paid for salaries, expenses, purchase of merchandise or payments of accounts payable.

The format of Cash Disbursements journal is as follows –

Cash Disbursement Journal

Date Ck. No Payee Account Debited PR Cash Cr. Purchase Discount Cr. Other Accounts Dr. Accounts Payable Dr.

To prepare:

Headings for cash disbursements journal and Journalize the April Transactions that should be recorded in the cash disbursements journal

Answer 6

Chapter 7, Problem 6E

To determine

Concept Introduction:

Types of Journal: There are two types of journal in which a transaction is reflected or recorded.

The two types of journals are –

• Special Journals that includes, sales journal, purchase journal, cash receipts journal and cash payment journals. All the transactions related to the type of journal are recorded in the respective journal

• General Journal includes all the transactions other than the above mentioned transactions are recorded in this journal.

In a cash disbursements journal, all the transactions related to cash payments are recorded whether they have been paid for salaries, expenses, purchase of merchandise or payments of accounts payable.

The format of Cash Disbursements journal is as follows –

Cash Disbursement Journal

Date Ck. No Payee Account Debited PR Cash Cr. Purchase Discount Cr. Other Accounts Dr. Accounts Payable Dr.

To prepare:

Headings for cash disbursements journal and Journalize the April Transactions that should be recorded in the cash disbursements journal

Answer 7

Chapter 7, Problem 6E

To determine

Concept Introduction:

Types of Journal: There are two types of journal in which a transaction is reflected or recorded.

The two types of journals are –

• Special Journals that includes, sales journal, purchase journal, cash receipts journal and cash payment journals. All the transactions related to the type of journal are recorded in the respective journal

• General Journal includes all the transactions other than the above mentioned transactions are recorded in this journal.

In a cash disbursements journal, all the transactions related to cash payments are recorded whether they have been paid for salaries, expenses, purchase of merchandise or payments of accounts payable.

The format of Cash Disbursements journal is as follows –

Cash Disbursement Journal

Date Ck. No Payee Account Debited PR Cash Cr. Purchase Discount Cr. Other Accounts Dr. Accounts Payable Dr.

To prepare:

Headings for cash disbursements journal and Journalize the April Transactions that should be recorded in the cash disbursements journal

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 7 - Prob. 1DQ Ch. 7 - Prob. 2DQ Ch. 7 - What are the five fundamental principles of...Ch. 7 - Prob. 4DQ Ch. 7 - Prob. 5DQ Ch. 7 - Prob. 6DQ Ch. 7 - Prob. 7DQ Ch. 7 - Prob. 8DQ Ch. 7 - Prob. 9DQ Ch. 7 - Prob. 10DQ

Videos

Want to see the full answer?

Chapter 7 Solutions

Cash Disbursement Journal
Date	Ck. No	Payee	Account Debited	PR	Cash Cr.	Purchase Discount Cr.	Other Accounts Dr.	Accounts Payable Dr.