Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Beachside Coffee Shop, in an effort to stream line its accounting system, has decided to utilize a Cash Receipts Journal in its operation. What will

Beachside Coffee Shop, in an effort to stream line its accounting system, has decided to utilize a Cash Receipts Journal in its operation. What will be recorded on the post ref column of this transaction?Cash Receipts Journal Date AccountCredited Post Ref CashDr BevRevenueCr FoodRevenueCr RetailRevenueCr Sales TaxPayable Cr 3/17/09 Cash Sale $137 $137 General Ledger Acct: Customer Acct Cash 10 CCC 345 Acct Receivable 12 FFF 367 Retail Supplies 15 Sales Tax Payable 23 Beverage Revenue 41 Food Revenue 42 Retail Revenue 43 1. 2. 15 3. 42 4. 10

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Integrated Accounting

Authors: Dale A. Klooster, Warren Allen, Glenn Owen

8th edition

ISBN: 1285462726, 1285462721, 978-1285462721

More Books

Students also viewed these Accounting questions

Question

Food supply

Answered: 1 week ago

Question

Mortality rate

Answered: 1 week ago