Beside each of the four transactions, enter the number of any of the following six treatments that
Question:
Beside each of the four transactions, enter the number of any of the following six treatments that apply. (A number can be used more than once.)
1. Journalize into sales journal.
2. Journalize into cash receipts journal.
3. Record immediately to subsidiary ledger.
4. Totals of special journals will be posted at end-of-month (except Sundry column).
5. Post to general ledger immediately.
6. Journalize into general journal.
a. ______ Sold merchandise on account to Ally Co., invoice No. 10—$40, plus GST.
b. ______ Received cheque from Moore Co.—$105, including GST, less 2% discount.
c. ______ Cash Sales—$100, plus GST.
d. ______ Issued credit memorandum No. 2 to Ally Co. for defective merchandise—$20, plus GST.
Step by Step Answer:
College Accounting A Practical Approach
ISBN: 978-0134166698
13th Canadian edition
Authors: Jeffrey Slater, Debra Good