Question
Outdoors unlimited uses special journals to record its daily transactions. Shown below is a Cash Receipts Journal and selected ledger accounts. Post the cash reciepts
Outdoors unlimited uses special journals to record its daily transactions. Shown below is a Cash Receipts Journal and selected ledger accounts. Post the cash reciepts journal to the appropriate accounts.
Cash Reciepts Journal
Date Account CR Explanation PR Cash DR Sales Disc. CR Accounts Rec.CR Sales CR Other Accts. CR
Jul 4 Able Co. Invoice 303 3,200 34 3,234
7 Sales Cash Sales 700 700
9 Bell Co. Invocie 304 950 950
10 Notes Pay. Bank Loan 5,400 5,400
20 Notes Rec. Delta Co. 2,200
20 Int. Earned 2,310 110
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12,560 34 4,184 700 7,710
a) General ledger
General Ledger
Cash
| Notes Payable | ||
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Accounts Receivable
| Sales | ||
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Notes Receivable
| Sales Discounts | ||
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Accounts Payable
| Interest earned | ||
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b) Accounts Receivable ledger
Accounts Receivable Ledger
Able Co.
| Bell Co. | ||
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Help please AFB4 Accounting and Payroll Administraton
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