Can u help me on #s 3, 4, 5, 6, 7, 8, 9, 10, and 12? Thanks!!

journal the Accoumts Receivable and Other Accounts columes Solution CASSANDRA WILSON COMPANY Cash Receipts Journal Sales Discounts Accounts Cash Dr. Sales Revenne 0her Ref. Receivable Dr. Accons Cr. Cr. Sobd Dr. Invetery Cr. Cr. 5,800 6,370 5,000 12,519 7,275 700 5300 130 6,500 500 12,519 225 7,511 7,500 700 15,472 5,880 17,660 200 15,472 9,283 120 6,000 17660 10,596 200 76,876 475 20,000 51451 5,900 30,870 an total is posted as a credit to Accounts Receivable. The individual amounts are credited to the n the Account Credited column, which are maintained in the accounts receivable subsidiary ledger. nts column are posted individually. They are credited to the account titles identified in the Account ises, Exercises,Problems, and many additional resources are /PLUS. beyond recording transactions and preparing financial statements? How does an enterprise resource planning (ERP) system differ Iom an entry-level computerized accounting system? What are the advantages of using subsidiary ledgers? 3 What are common features of computerized accounting packages ? (b) "An accounting em." Do you agree? development of an plain each of the ST Ca) When do companies normaly post to (1) the subsidiary ac counts and (2) the general ledger control accounts7 Ch) Describe the tionship between a control account and a subsidiary ledger. Identify and explain the four special journals discussed in the chap- ter. List an advantage of using each of these journals rather than using a general journal 8Kensington Company uses special journals. It recorded in a sales journal a sale made on account to R. Stiner for $435. A few days later, R. Stiner returns $70 worth of merchandise for credit. Where should Kensington Company record the sales return? Why? . Recoedingm b. Credit gi and retur Sales of d. Sales on e. Collecn t. Purch 14. In w (Assume chases je $500 purchase of merchandise on account from Lore Com- pany was properly recorded in the purchases journal. When posted, however, the amount recorded in the subsidiary ledger was $50. How mighy this error be discovered? 10Why would special journals used in different businesses not be identical in format? What type of business would maintain a cash receipts journal but not include a column for accounts receivable? 11. The cash and the accounts receivable columns in the cash re- ceipts journal were mistakenly over-added by $4,000 at the end of the month. (a) Will the customers ledger agree with the Accounts Receivable control account? (b) Assuming no other errors, will the trial balance totals be equal? 2. Oue column total of a special journal is posted at month-end to only twogeneral ledger accounts. One of these two accounts is Accounts Receivable. What is the name of this special journal? What is the other general ledger account to which that same month-end total is posted? 13. In what journal would the following transactions be recorded? (Assume that a two-column sales journal and a single-column pur- chases journal are used.) a. Cas b. Ins c. C d. P e. f. 15. pu ch 1 Brief Exercises BE7.1 (LO 1) Indicate whether each of the following statements is. 1. When designing an accounting system, we need to think ah journal the Accoumts Receivable and Other Accounts columes Solution CASSANDRA WILSON COMPANY Cash Receipts Journal Sales Discounts Accounts Cash Dr. Sales Revenne 0her Ref. Receivable Dr. Accons Cr. Cr. Sobd Dr. Invetery Cr. Cr. 5,800 6,370 5,000 12,519 7,275 700 5300 130 6,500 500 12,519 225 7,511 7,500 700 15,472 5,880 17,660 200 15,472 9,283 120 6,000 17660 10,596 200 76,876 475 20,000 51451 5,900 30,870 an total is posted as a credit to Accounts Receivable. The individual amounts are credited to the n the Account Credited column, which are maintained in the accounts receivable subsidiary ledger. nts column are posted individually. They are credited to the account titles identified in the Account ises, Exercises,Problems, and many additional resources are /PLUS. beyond recording transactions and preparing financial statements? How does an enterprise resource planning (ERP) system differ Iom an entry-level computerized accounting system? What are the advantages of using subsidiary ledgers? 3 What are common features of computerized accounting packages ? (b) "An accounting em." Do you agree? development of an plain each of the ST Ca) When do companies normaly post to (1) the subsidiary ac counts and (2) the general ledger control accounts7 Ch) Describe the tionship between a control account and a subsidiary ledger. Identify and explain the four special journals discussed in the chap- ter. List an advantage of using each of these journals rather than using a general journal 8Kensington Company uses special journals. It recorded in a sales journal a sale made on account to R. Stiner for $435. A few days later, R. Stiner returns $70 worth of merchandise for credit. Where should Kensington Company record the sales return? Why? . Recoedingm b. Credit gi and retur Sales of d. Sales on e. Collecn t. Purch 14. In w (Assume chases je $500 purchase of merchandise on account from Lore Com- pany was properly recorded in the purchases journal. When posted, however, the amount recorded in the subsidiary ledger was $50. How mighy this error be discovered? 10Why would special journals used in different businesses not be identical in format? What type of business would maintain a cash receipts journal but not include a column for accounts receivable? 11. The cash and the accounts receivable columns in the cash re- ceipts journal were mistakenly over-added by $4,000 at the end of the month. (a) Will the customers ledger agree with the Accounts Receivable control account? (b) Assuming no other errors, will the trial balance totals be equal? 2. Oue column total of a special journal is posted at month-end to only twogeneral ledger accounts. One of these two accounts is Accounts Receivable. What is the name of this special journal? What is the other general ledger account to which that same month-end total is posted? 13. In what journal would the following transactions be recorded? (Assume that a two-column sales journal and a single-column pur- chases journal are used.) a. Cas b. Ins c. C d. P e. f. 15. pu ch 1 Brief Exercises BE7.1 (LO 1) Indicate whether each of the following statements is. 1. When designing an accounting system, we need to think ah