11-7. CHALLENGE PROBLEM, pp. 333, 334. Name Date Class. Journalizing and posting business transactions 1., 2. SALES JOURNAL 1., 3.
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1 -7 CHALLENGE PROBLEM, pp., Journalizing and posting business transactions.,. ED SALES JOURNAL SALE NO. PAGE S RECEIVABLE SALES SALES TAX PAYABLE.,. PURCHASES JOURNAL PAGE ED PURCH. NO. PURCHASES DR. ACCTS. PAY. CR.. GENERAL JOURNAL PAGE TITLE DOC. NO.. Sales Journal Proof Col. Debit Credit No. Column Title Totals Totals Accounts Receivable Debit Sales Credit Sales Tax Payable Credit Totals Chapter Posting to General and Subsidiary Ledgers 9
2 -7.,.,. TITLE DOC. NO. CASH RECEIPTS JOURNAL PAGE GENERAL S RECEIVABLE SALES SALES TAX PAYABLE Cash Receipts Journal Proof Col. Debit Credit No. Column Title Totals Totals General Debit General Credit Accounts Receivable Credit Sales Credit Sales Tax Payable Credit Cash Debit Totals CASH Working Papers COPYRIGHT SOUTH-WESTERN CENGAGE LEARNING
3 -7.,., 7. TITLE CASH PAYMENTS JOURNAL PAGE CK. NO. GENERAL S PAYABLE PURCHASES DISCOUNT Cash Payments Journal Proof Debit Credit Column Title Column Totals Column Totals General Debit General Credit Accounts Payable Debit Purchases Discount Credit Cash Credit Totals CASH Chapter Posting to General and Subsidiary Ledgers 97
4 -7. CASH PROOF Cash on hand at the beginning of the month Plus total cash received during the month Equals total Less total cash paid during the month Equals cash balance on hand at end of the month Checkbook balance on the next unused check stub Working Papers COPYRIGHT SOUTH-WESTERN CENGAGE LEARNING
5 -7.,.,.,., 7. GENERAL LEDGER Cash NO Accounts Receivable NO Supplies Office NO Supplies Store NO Accounts Payable NO. 0 Balance 970 Sales Tax Payable NO. 0 Balance 70 Chapter Posting to General and Subsidiary Ledgers 99
6 -7 Sales NO Purchases NO Purchases Discount NO Advertising Expense NO Miscellaneous Expense NO Working Papers COPYRIGHT SOUTH-WESTERN CENGAGE LEARNING
7 -7 Rent Expense NO Utilities Expense NO S PAYABLE LEDGER VENDOR Design Golf Balance VENDOR NO VENDOR Eagle Golf Equipment Balance VENDOR NO VENDOR Golf Source VENDOR NO. 0 VENDOR Pro Golf Supply Balance VENDOR NO Chapter Posting to General and Subsidiary Ledgers 0
8 -7. S PAYABLE LEDGER VENDOR Vista Golf Co. Balance VENDOR NO S RECEIVABLE LEDGER David Bench NO. 0 Balance 9700 Viola Davis NO. 0 Balance 89 Barry Fuller NO. 0 Doris McCarley NO. 0 Balance 98 Leona Silva NO. 0 Balance 8 0 Working Papers COPYRIGHT SOUTH-WESTERN CENGAGE LEARNING
9 -7 CHALLENGE PROBLEM (concluded) 9. Approaches to Collecting and Paying Sales Taxes Chapter Posting to General and Subsidiary Ledgers 0
SECOND REVISED REINFORCEMENT ACTIVITY 1. Name Date Class. PART A, p. 147
Bst-acta--.qxd 0//0 : PM Page Name Date Class PART A, p. An Accounting Cycle for a Proprietorship: Journalizing and Posting Transactions.,.,. TITLE DOC. NO. JOURNAL PAGE GENERAL SALES CASH 0 0 0 0 Reinforcement
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