Answered step by step
Verified Expert Solution
Question
1 Approved Answer
24 Outdoors Unlimited uses special journals to record its daily transactions. Shown below is a Cash Receipts Journal and selected ledger accounts. Post the Cash
24 Outdoors Unlimited uses special journals to record its daily transactions. Shown below is a Cash Receipts Journal and selected ledger accounts. Post the Cash Receipts Journal to the appropriate accounts. Cash Receipts Journal Sales Accts Account Cash Disc. Rec. Sales Accts. Date Credited Explanation PR Debit Debit Credit Credit Credit July4Able Co. Inv. 303 3,200 34 3,234 7Sales Cash 700 Sales 9Bell Co. Inv. 304 950 950 10Notes Bank 5,400 Pay. loan 20Notes Delta Co. Rec. 5,400 700 700 2,200 Page 11 Other July4Able Co. Inv. 303 3,200 34 3,234 7Sales Cash 700 Sales 9Bell Co. Inv. 304 950 950 10Notes Bank 5,400 5,400 Pay. loan 20Notes Delta Co. Rec. 700 20Int. Earned 2.310 110 12,560 34 4,184 700 7,710 12 marks Use the attached files General Ledger Accounts Receivable Ledger . 2,200 e < ENG US 1:29 PM 2022-04-08
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started