Ronald Howard has been hired by Green Company to help reconstruct the sales journal, general journal, and
Question:
Ronald Howard has been hired by Green Company to help reconstruct the sales journal, general journal, and cash receipts journal, which were recently destroyed in a fire. The owner of Green has supplied him with the data shown below. Enter the entries into the reconstructed sales journal, general journal, and cash receipts journal. (Don’t worry about dates, invoice numbers, etc.) What written recommendation should Ron make so that reconstruction will not be needed in the future?
Transcribed Image Text:
Accounts Receivable Subsidiary Ledger P. Bond M. Raff Balance 100 150 CRJ Balance 200 SJ 150 Entitled to 2% SJ 100 discount J. Smooth 300 1,000 R. Venner Balance GJ Balance 200 400 CRJ SJ 2,000 1,000 CRJ SJ 400 SJ 1,000 500 GJ Entitled to 1% discount Partial General Ledger Cash Accounts Receivable Inventory Balance 7,500 12,737 Balance 800 1,000 GJ SJ 3,650 500 GJ GJ 750 1,550 CRJ GJ 375 Shelving Equipment Balance 200 200 M. Rang, Capital CRJ 1,000 Balance 5,000 (Additional investment this month)
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Ron should be advised that using a computer with appropriate software such as S...View the full answer
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Related Book For
College Accounting A Practical Approach
ISBN: 978-0134166698
13th Canadian edition
Authors: Jeffrey Slater, Debra Good
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