Cash Receipts Journal Cash receipts journal is used to record merchandise sales and service made in cash and collection of accounts receivable . It also records all other cash receipts from issuance of shares and bonds, bank loans, and proceeds from disposal of assets. To include all these transactions, companies use multi-column cash receipts journal. Cash Payments Journal Cash payments journal is used to record merchandise purchases made in cash and payments of accounts payable. It also records all other cash payments to various purposes. To include all these transactions, companies use multi-column cash payments journal. To indicate: the journal and columns in the journal that is used for recording transaction.

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Answer 1

Question

Chapter J, Problem 8E

To determine

Cash Receipts Journal

Cash receipts journal is used to record merchandise sales and service made in cash and collection of accounts receivable. It also records all other cash receipts from issuance of shares and bonds, bank loans, and proceeds from disposal of assets. To include all these transactions, companies use multi-column cash receipts journal.

Cash Payments Journal

Cash payments journal is used to record merchandise purchases made in cash and payments of accounts payable. It also records all other cash payments to various purposes. To include all these transactions, companies use multi-column cash payments journal.

To indicate: the journal and columns in the journal that is used for recording transaction.

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Answer 2

Question

Chapter J, Problem 8E

To determine

Cash Receipts Journal

Cash receipts journal is used to record merchandise sales and service made in cash and collection of accounts receivable. It also records all other cash receipts from issuance of shares and bonds, bank loans, and proceeds from disposal of assets. To include all these transactions, companies use multi-column cash receipts journal.

Cash Payments Journal

Cash payments journal is used to record merchandise purchases made in cash and payments of accounts payable. It also records all other cash payments to various purposes. To include all these transactions, companies use multi-column cash payments journal.

To indicate: the journal and columns in the journal that is used for recording transaction.

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Answer 3

Question

Chapter J, Problem 8E

To determine

Cash Receipts Journal

Cash receipts journal is used to record merchandise sales and service made in cash and collection of accounts receivable. It also records all other cash receipts from issuance of shares and bonds, bank loans, and proceeds from disposal of assets. To include all these transactions, companies use multi-column cash receipts journal.

Cash Payments Journal

Cash payments journal is used to record merchandise purchases made in cash and payments of accounts payable. It also records all other cash payments to various purposes. To include all these transactions, companies use multi-column cash payments journal.

To indicate: the journal and columns in the journal that is used for recording transaction.

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Answer 4

Question

Chapter J, Problem 8E

To determine

Cash Receipts Journal

Cash receipts journal is used to record merchandise sales and service made in cash and collection of accounts receivable. It also records all other cash receipts from issuance of shares and bonds, bank loans, and proceeds from disposal of assets. To include all these transactions, companies use multi-column cash receipts journal.

Cash Payments Journal

Cash payments journal is used to record merchandise purchases made in cash and payments of accounts payable. It also records all other cash payments to various purposes. To include all these transactions, companies use multi-column cash payments journal.

To indicate: the journal and columns in the journal that is used for recording transaction.

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Answer 5

Chapter J, Problem 8E

To determine

Cash Receipts Journal

Cash receipts journal is used to record merchandise sales and service made in cash and collection of accounts receivable. It also records all other cash receipts from issuance of shares and bonds, bank loans, and proceeds from disposal of assets. To include all these transactions, companies use multi-column cash receipts journal.

Cash Payments Journal

Cash payments journal is used to record merchandise purchases made in cash and payments of accounts payable. It also records all other cash payments to various purposes. To include all these transactions, companies use multi-column cash payments journal.

To indicate: the journal and columns in the journal that is used for recording transaction.

Answer 6

Chapter J, Problem 8E

To determine

Cash Receipts Journal

Cash receipts journal is used to record merchandise sales and service made in cash and collection of accounts receivable. It also records all other cash receipts from issuance of shares and bonds, bank loans, and proceeds from disposal of assets. To include all these transactions, companies use multi-column cash receipts journal.

Cash Payments Journal

Cash payments journal is used to record merchandise purchases made in cash and payments of accounts payable. It also records all other cash payments to various purposes. To include all these transactions, companies use multi-column cash payments journal.

To indicate: the journal and columns in the journal that is used for recording transaction.

Answer 7

Chapter J, Problem 8E

To determine

Cash Receipts Journal

Cash receipts journal is used to record merchandise sales and service made in cash and collection of accounts receivable. It also records all other cash receipts from issuance of shares and bonds, bank loans, and proceeds from disposal of assets. To include all these transactions, companies use multi-column cash receipts journal.

Cash Payments Journal

Cash payments journal is used to record merchandise purchases made in cash and payments of accounts payable. It also records all other cash payments to various purposes. To include all these transactions, companies use multi-column cash payments journal.

To indicate: the journal and columns in the journal that is used for recording transaction.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. J - Prob. 1Q Ch. J - Prob. 2Q Ch. J - Prob. 3Q Ch. J - Prob. 4Q Ch. J - Prob. 5Q Ch. J - Prob. 6Q Ch. J - Prob. 7Q Ch. J - Prob. 8Q Ch. J - Prob. 9Q Ch. J - Prob. 10Q

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