DF: ACCOUNTING PRINC 14E WPNGEC 1 SEM
DF: ACCOUNTING PRINC 14E WPNGEC 1 SEM
14th Edition
ISBN: 9781119709947
Author: Weygandt
Publisher: WILEY
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Chapter 7, Problem 7BE

(a)

To determine

Cash receipts journal: Cash receipts journal is a journal which records all the cash receipts in the business. This records the cash purchases, cash sales, and the cash received in the business. This is a special journal.

To indicate: Whether debit to sales revenue is included in the cash receipts journal, or not

(b)

To determine

To indicate: Whether credit to inventory is included in the cash receipts journal, or not

(c)

To determine

To indicate: Whether credit to accounts receivable is included in the cash receipts journal, or not

(d)

To determine

To indicate: Whether debit to accounts payable is included in the cash receipts journal, or not

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