A cash receipts journal is used to record all receipts of cash (all transactions that include a debit to Cash). These include (1) cash from credit customers in payment of their accounts, (2) cash from cash sales, and (3) cash from other sources. Column totals, except for 'Other,' are posted to general ledger accounts--the 'Other' columns amounts are directly posted to ledger accounts. Individual amounts in the Accounts Receivable column are posted to the accounts receivable subsidiary ledger.

Assume that numerous transactions have been entered into the cash receipts journal. Which of the following statements is correct with regards to the posting of the sales journal?

multiple choice

• Amounts in the Other Accounts Dr. column should be individually posted to the related accounts receivable ledger accounts.

• Amounts in the Accounts Receivable Cr. column should be individually posted to the related accounts receivable ledger accounts.

• After the columns are footed and crossfooted, the column totals should be posted to the accounts receivable ledger accounts.

• Check marks are entered in the PR column for each transaction row of the sales journal when amounts are posted to subsidiary ledgers