Horngren's Accounting, Student Value Edition (12th Edition)

12th Edition

ISBN: 9780134487151

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

Publisher: PEARSON

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Textbook Question

Chapter 7, Problem S7.7SE

Posting transactions from a cash receipts journal to a subsidiary ledger and general ledger
Learning Objective 2
Review your results from Short Exercise $7-6
Requirements

Total each column of cash receipts journal.
Open the following four-column accounts in the accounts receivable subsidiary ledger: Accounts Receivable-Dylan, Bal $5,280, Accounts Receivable-Next, Bal. $2,250. Post the transactions to the accounts receivable subsidiary ledger.
Open the following selected four-column accounts in the general ledger: Cash (111), Bal. $4,550; Accounts Receivable (112), Bal, $7,530; Merchandise Inventory (118), bal $3,250; Sales Revenue (411), Bal. $25,000; Sales Discounts Forfeited (412); Interest Revenue (419); Cost of Goods Sold (511), Bal. $14,500. Post the total of each column to the general ledger. Also, post the Other Accounts column to the general ledger.
Balance the total of the customer ending balances in the accounts receivable subsidiary ledger against Accounts Receivable in the general ledger.

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Chapter 7, Problem S7.6SE

Chapter 7, Problem S7.8SE

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Chapter 7 Solutions

Horngren's Accounting, Student Value Edition (12th 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

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