List the four special journals often used in a manual accounting information system. What types of transactions are recorded in each of the special journals?
Answer to relevant QuestionsExplain the posting process of the sales journal. Ned Timmons, engineer, is considering using a computerized accounting system for his professional engineering business. Ned has asked that you help him understand the components of a computerized accounting information ...The purchases journal of NorthEastern Publishing Company follows. Requirements 1. Total each column of the purchases journal. 2. Open four-column ledger accounts for Merchandise Inventory (118), Office Supplies (120), ...Kingston Computer Security uses the perpetual inventory system and makes all credit Trial balance, total debits $49,400 sales on terms of 2/10, n/30. During March, Kingston completed these transactions: Mar. 2 Issued invoice ...Review your results from Short Exercise SC-8. Requirements 1. Total each column of the purchases journal. 2. Open the following four-column accounts in the accounts payable subsidiary ledger: Accounts Payable—Borris Co.; ...
Post your question