The following is a partial list of accounts used by Rivers Edge Canoe & Kayak. Instructions In
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The following is a partial list of accounts used by River’s Edge Canoe & Kayak.
Instructions In your working papers, record the following transactions in a cash receipts journal (page 67), cash payments journal (page 73), and general journal (page 27).
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101 Cash in Bank 115 Accounts Receivable 120 Notes Receivable 201 Accounts Payable 205 Notes Payable 207 Discount on Notes Payable 415 Interest Income 640 Interest Expense
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Cash Receipts Journal Date AccountDescription Debit Credit May 7 101 Cash in Bank 4000 May 21 ...View the full answer
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