11th Edition

ISBN: 9780133856781

Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura

Publisher: PEARSON

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Textbook Question

Chapter 7, Problem E7.20E

Recording transactions-cash payments journal

Learning Objective 3

Cash CR column total $8,928
Refer to information in Exercise E7-19.

Requirements

Prepare headings for a cash payments journal. Journalize the transactions that should be recorded in the cash payments journal.
Total each column of the cash payments journal.

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Chapter 7, Problem E7.19E

Chapter 7, Problem E7.21E

Students have asked these similar questions

Journalize each of the following transactions assuming a perpetual inventory system and PST at 8% along with 5% GST. Note: Any available cash discount is taken only on the sale price before taxes. Aug. 1 Purchased $2,100 of merchandise for cash. 2 Purchased $6,900 of merchandise; terms 3/10, n/30. 5 Sold merchandise costing $3,700 for $5,300; terms 2/10, n/30. 12 Paid for the merchandise purchased on August 2. 15 Collected the amount owing from the customer of August 5. 17 Purchased $6,100 of merchandise; terms n/15. 19 Recorded $7,100 of cash sales (cost of sales $5,900). View transaction list Journal entry worksheet 6 7 8 > 1 2 3 4 Record the cash purchase. Note: Enter debits before credits.

Question 33.

20 A credit to the account Cash-MDS Regular will most likely be recorded in what journal? Group of answer choices Check Disbursements Journal Special Journal Cash Disbursements Journal General Journal

Chapter 7 Solutions

Horngren's Accounting (11th Edition)

Ch. 7 - Which of the following benefits of an effective...Ch. 7 - Prob. 2QC Ch. 7 - Which of the following is not a special journal?...Ch. 7 - Mountain Day Spa sold merchandise inventory on...Ch. 7 - Prob. 5QC Ch. 7 - Centex Sound Systems purchased merchandise...Ch. 7 - Every transaction recorded in the cash payments...Ch. 7 - Prob. 8QC Ch. 7 - Which is a disadvantage of an enterprise resource...Ch. 7 - Prob. 1RQ

Ch. 7 - Prob. 2RQ Ch. 7 - Explain the three basic components of an...Ch. 7 - What is a special journal?Ch. 7 - What is the purpose of a subsidiary ledger?Ch. 7 - Prob. 6RQ Ch. 7 - List the four special journals often used in a...Ch. 7 - Explain the posting process of the sales journal.Ch. 7 - Provide some examples of transactions that would...Ch. 7 - What are the columns that are typically used in...Ch. 7 - Prob. 11RQ Ch. 7 - When is the general journal used in a manual...Ch. 7 - Explain the two components of a computerized...Ch. 7 - Prob. 14RQ Ch. 7 - What is an enterprise resource planning (ERP)...Ch. 7 - Prob. 16RQ Ch. 7 - How would a business record a sale of services on...Ch. 7 - How would a business record a bill received in...Ch. 7 - Prob. S7.1SE Ch. 7 - Defining components of an accounting information...Ch. 7 - Identifying special journals Learning Objective 2...Ch. 7 - Prob. S7.4SE Ch. 7 - Posting transactions from a sales journal to a...Ch. 7 - Prob. S7.6SE Ch. 7 - Prob. S7.7SE Ch. 7 - Prob. S7.8SE Ch. 7 - Posting transactions from a purchases journal to a...Ch. 7 - Prob. S7.10SE Ch. 7 - S7-6 Recording transactions in a cash receipts...Ch. 7 - Prob. S7.12SE Ch. 7 - Prob. S7.13SE Ch. 7 - Prob. E7.14E Ch. 7 - Prob. E7.15E Ch. 7 - Prob. E7.16E Ch. 7 - Prob. E7.17E Ch. 7 - Prob. E7.18E Ch. 7 - Prob. E7.19E Ch. 7 - Recording transactions-cash payments journal...Ch. 7 - Prob. E7.21E Ch. 7 - Identifying transactions in the accounts payable...Ch. 7 - Prob. E7.23E Ch. 7 - Using the sales, cash receipts, and general...Ch. 7 - Prob. P7.25APGA Ch. 7 - Using all journals, posting, and balancing the...Ch. 7 - Prob. P7.27BPGB Ch. 7 - Prob. P7.28BPGB Ch. 7 - Prob. P7.29BPGB Ch. 7 - >Continuing Problem P7-30 Using all journals This...Ch. 7 - >Practice Set P7-31 Using all journals This...Ch. 7 - Prob. 1CP Ch. 7 - Prob. 2CP Ch. 7 - Prob. 3CP Ch. 7 - Prob. 4CP Ch. 7 - Prob. 5CP Ch. 7 - Prob. 6CP Ch. 7 - Prob. 7CP Ch. 7 - Prob. 8CP Ch. 7 - Prob. 9CP Ch. 7 - Decision Case 7-1 A fire destroyed certain...Ch. 7 - Fraud Case 7-1 Didrikson Rubin, the auditor of Red...

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