Special Journal: It is a book where only specific type of monetary transactions such as cash receipts, cash payments, credit sales, and credit purchases are recorded. Sales Journal: It is a special book where only sales transactions that are sold to customer on credit are recorded. Purchase Journal: It is a special book where only purchase transactions that are purchased from suppliers on credit are recorded. Cash Receipts Journal: It is a special book where only cash receipts transactions that are received from customers or other sources are recorded. Cash Payments Journal: It is a special book where only cash payments transactions that are paid to the supplier or other sources are recorded. General Journal: It is a book where all the monetary transactions are recorded in the form of journal entries on the date of their occurrence in a chronological order. To Record: The transactions in a sales journal, purchase journal, cash receipt journal and cash payment journal.

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Chapter B, Problem B.31PS

1.

To determine

Special Journal: It is a book where only specific type of monetary transactions such as cash receipts, cash payments, credit sales, and credit purchases are recorded.

Sales Journal: It is a special book where only sales transactions that are sold to customer on credit are recorded.

Purchase Journal: It is a special book where only purchase transactions that are purchased from suppliers on credit are recorded.

Cash Receipts Journal: It is a special book where only cash receipts transactions that are received from customers or other sources are recorded.

Cash Payments Journal: It is a special book where only cash payments transactions that are paid to the supplier or other sources are recorded.

General Journal: It is a book where all the monetary transactions are recorded in the form of journal entries on the date of their occurrence in a chronological order.

To Record: The transactions in a sales journal, purchase journal, cash receipt journal and cash payment journal.

Requirement 2:

To determine

To Calculate: Total each column of the sales journal.

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