Explanation Cash Receipts Journal: Special Journal is a book where only specific type of monetary transactions such as cash receipts, cash payments, credit sales, and credit purchases are recorded. Cash receipts journal record only the cash receipts transaction. Prepare cash receipts journal. Table (1) Cash receipts journal consists of following columns: Date Account credited Post reference Cash DR Sales Discount DR Accounts Receivable CR Sales Revenue CR Other Accounts CR Cost of goods sold DR Merchandise Inventory CR Show total debits equal to total credits in the cash receipts journal. Calculate total debit balance. Total debit balance = ( Total debit balance of cash + Total cost of goods sold ) = $ 590 + $ 250 = $ 840 Calculate total credit balance

Horngren's Financial & Managerial Accounting, The Managerial Chapters (6th Edition)

6th Edition

ISBN: 9780134486857

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

Publisher: PEARSON

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Chapter B, Problem 16E

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Identify the missing information in the cash receipts journal and total the columns in the cash receipts journal.

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Chapter B, Problem 15E

Chapter B, Problem 17E

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Chapter B Solutions

Horngren's Financial & Managerial Accounting, The Managerial Chapters (6th Edition)

Ch. B - Match the benefit of an effective accounting...Ch. B - Prob. 2TI Ch. B - Prob. 3TI Ch. B - Prob. 4TI Ch. B - Prob. 5TI Ch. B - Prob. 6TI Ch. B - Prob. 7TI Ch. B - Prob. 8TI Ch. B - Prob. 1QC Ch. B - Prob. 2QC

Ch. B - Prob. 3QC Ch. B - Prob. 4QC Ch. B - Prob. 5QC Ch. B - Prob. 6QC Ch. B - Prob. 7QC Ch. B - When using a manual accounting information system,...Ch. B - Prob. 9QC Ch. B - Prob. 1RQ Ch. B - Prob. 2RQ Ch. B - Prob. 3RQ Ch. B - Prob. 4RQ Ch. B - What is the purpose of a subsidiary ledger?Ch. B - Prob. 6RQ Ch. B - List the four special journals often used in a...Ch. B - Explain the posting process of the sales journal.Ch. B - Prob. 9RQ Ch. B - What are the columns that are typically used in...Ch. B - Explain the posting process of the cash payments...Ch. B - When is the general journal used in a manual...Ch. B - Prob. 13RQ Ch. B - Prob. 14RQ Ch. B - Prob. 15RQ Ch. B - How is QuickBooks organized?Ch. B - How would a business record a sale of services on...Ch. B - How would a business record a bill received in...Ch. B - Prob. 1SE Ch. B - Prob. 2SE Ch. B - Identifying special journals Use the following...Ch. B - Prob. 4SE Ch. B - Prob. 5SE Ch. B - Prob. 6SE Ch. B - Prob. 7SE Ch. B - Prob. 8SE Ch. B - Prob. 9SE Ch. B - Prob. 10SE Ch. B - Prob. 11SE Ch. B - Prob. 12SE Ch. B - Prob. 13SE Ch. B - Prob. 14E Ch. B - Prob. 15E Ch. B - Prob. 16E Ch. B - Prob. 17E Ch. B - Identifying transactions in the accounts...Ch. B - Prob. 19E Ch. B - Prob. 20E Ch. B - Prob. 21E Ch. B - Prob. 22E Ch. B - Prob. 23E Ch. B - Prob. 24AP Ch. B - Prob. 25AP Ch. B - Using all journals, posting, and balancing the...Ch. B - Prob. 27BP Ch. B - Using the purchases, cash payments, and general...Ch. B - Using all journals, posting, and balancing the...Ch. B - Prob. 30P Ch. B - Prob. 31P Ch. B - Prob. 1COMP Ch. B - Prob. 1TIATC Ch. B - Prob. 1DC Ch. B - Prob. 1FC Ch. B - Prob. 1CA

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