
Concept explainers
Requirement 1:
Purchase journal, Cash payments journal, and General journal
Purchase Journal: It is a special book where only purchase transactions that are purchased from suppliers on credit are recorded.
Cash payments journal: Cash payment journal is a form of special journal book, which records the cash payments transactions, which are being paid to suppliers or other sources.
General Journal: It is a book where all the monetary transactions are recorded in the form of
To Record: The transactions in a purchases journal, cash payment journal and in a general journal.
Requirement 2:
The totals of each column of the special journal.
Requirement 3:
To show: How posting would be made by writing the accounts numbers and check marks in the journals.

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Chapter B Solutions
Horngren's Financial & Managerial Accounting, The Financial Chapters, Student Value Edition Plus MyLab Accounting with Pearson eText -- Access Card Package (6th Edition)
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