Outdoors Unlimited uses special journals to record its daily transactions. Shown below is a Cash Receipts...
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Outdoors Unlimited uses special journals to record its daily transactions. Shown below is a Cash Receipts Journal and selected ledger accounts. Post the Cash Receipts Journal to the appropriate accounts. Cash Receipts Journal Page 11 Sales Accts Other Account Cash Disc. Rec. Sales Accts. Date Credited Explanation PR Debit Debit Credit Credit Credit July4 Able Co. Inv. 303 3,200 34 3,234 7 Sales Cash Sales 700 700 9 Bell Co. Inv. 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 7,710 12,560 34 4,184 700 Outdoors Unlimited uses special journals to record its daily transactions. Shown below is a Cash Receipts Journal and selected ledger accounts. Post the Cash Receipts Journal to the appropriate accounts. Cash Receipts Journal Page 11 Sales Accts Other Account Cash Disc. Rec. Sales Accts. Date Credited Explanation PR Debit Debit Credit Credit Credit July4 Able Co. Inv. 303 3,200 34 3,234 7 Sales Cash Sales 700 700 9 Bell Co. Inv. 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 7,710 12,560 34 4,184 700
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General Ledger Cash No 101 Notes Payable No 250 Debit Accounts Receivable Journal Dat PR Debit Credi... View the full answer
Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
Posted Date:
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