Question: Fundamental Accounting Principles 22nd edition- Serial Problem Chapter 7 ......I'm not sure how to set up/solve this problem Assume that Santana Rey expands Business Solutions
Fundamental Accounting Principles 22nd edition- Serial Problem Chapter 7 ......I'm not sure how to set up/solve this problem
Assume that Santana Rey expands Business Solutions accounting system to include special journals. 1. Locate the transactions related to January through March 2016 for Business Solutions in Chapter 5. 2. Enter the Business Solutions transactions for January through march in sales journal like that in Exhibit 7.5, a cash receipts journal like that in Exhibit 7.7, a purchase journal like that in Exhibit 7.9, and a cash disbursement journal like that in exhibit 7.11, or a general journal. Number journal pages as page 2. 3. The transactions on the following dates should be journalized in the general journal: January 5, 11, 20 , 24, 29, and March 24. Do not record and post the adjusting entries for the end of March
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
