Caddys Inc. uses a general journal, sales journal, cash receipts journal, check register, and voucher register. For
Question:
Caddys Inc. uses a general journal, sales journal, cash receipts journal, check register, and voucher register. For each transaction below, indicate the appropriate journal(s) or register to be used.
(a) Make a credit sale.
(b) Collect cash on an account receivable.
(c) Record doubtful accounts expense.
(d) Write a check for payroll expense.
(e) Purchase materials on account.
(f) Give a discount on a sale.
(g) Sell equipment on credit.
(h) Make a cash sale.
(i) Borrow \($3,000\) from the bank.
(j) Record adjusting and closing entries.
(k) Pay a supplier with a check.
(l) Record accrued interest payable.
(m) Sell truck for cash.
(n) Record depreciation expense.
(o) Pay back loan.
Step by Step Answer:
Intermediate Accounting
ISBN: 9780324013078
14th Edition
Authors: Fred Skousen, James Stice, Earl Kay Stice