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Outdoors Unlimited uses special journals to record its daily transactions. Shown below is a Cash Receipts Joumal and selected ledger accounts. Post the Cash Receipts
Outdoors Unlimited uses special journals to record its daily transactions. Shown below is a Cash Receipts Joumal and selected ledger accounts. Post the Cash Receipts Journal to the appropriate accounts. Cash Receipts Journal Page 11 Sales Accts Other Account Cash Disc. Rec. Sales Accts. Date Credited Explanation PR Debit Debit Credit Credit Credit July4 Able Co. Inv. 303 3.200 34 3,234 7 Sales Cash Sales 700 700 9 Bell Co. Inv. 304 950 950 10Notes Pay. Bank loan 5,400 5,400 20Notes Rec. Delta Co. 2,200 20Int. Earned 2,310 12,560 110 7.710 34 4,184 700
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