Questions:

1. What kind of journal is this?

2. Give an explanation for transaction dated May 17 and May 18.

3. Explain the following:

a. The numbers under the bottom lines.

b. The check marks entered in the post reference columns.

c. The check marks under the bottomline

Test II. Problem: Shown below is a page from a special journal. (30 points) Accounts Cash Date Sold To PR Receivable Sales Sales DR CR CR 2011 May 17 Joy Gragasin 30, 000 30, 000 18 Lourdes Sanchez 7, 000 7, 000 20 Marivic Cailao 18, 000 18, 000 48, 000 7, 000 55, 000 (24) (50)