COLLEGE ACCOUNTING (LL)W/ACCESS>CUSTOM<
4th Edition
ISBN: 9781260255157
Author: Haddock
Publisher: MCG CUSTOM
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Textbook Question
Chapter 9, Problem 1PA
Journalizing cash receipts, cash short or over, and posting to the general ledger.
Royal Jewels, a retail business, started business on June 25, 2019. It keeps a $300 change fund in its cash register. The cash receipts for the period from June 25 to June 30, 2019 are below.
INSTRUCTIONS
- 1. Open the general ledger account for Cash Short or Over, account number 620.
- 2. Record the cash receipts from June 25 to June 30, 2019, in a general journal. Start the general journal with page 1.
- 3. Post the amounts for cash short or over in the
journal entries to the general ledger.
Analyze: How will the balance in Cash Short or Over on June 30 be reported in the financial statements?
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CASH PAYMENTS JOURNAL
Page 38
Other
Accounts
Ck.
Post.
Accounts
Payable
Cash
Date
No.
Account Debited
Ref.
Dr.
Dr.
Cr.
2019
Apr. 4
106 Augusta Sod Co.
107 Utilities Expense
6,986
6,986
Apr. 5
54
642
642
Apr. 15
108 Kimble Lumber Co.
3,644
3,644
2,872
13,502
Apr. 27
109 Schott's Fertilizer
2,872
Apr. 30
642
14,144
(V)
(21)
(11)
PURCHASES JOURNAL
Page 22
Landscaping
Supplies
Accounts
Other
Post.
Payable
Accounts
Post.
Date
Account Debited
Ref.
Cr.
Dr.
Dr.
Ref.
Amount
2019
Apr. 3
Kimble Lumber Co.
3,644
3,644
7,807
Apr. 5
Apr. 14
Cooke Equipment Co.
Equipment
18
7,807
Schott's Fertilizer
2,872
2,872
Apr. 24
Augusta Sod Co.
4,251
4,251
Apr. 29
Kimble Lumber Co.
9,091
9,091
Apr. 30
27,665
19,858
7,807
(21)
(14)
(V)
Prepare the accounts payable subsidiary ledger, and determine that…
The end-of-the month balance in Igado’s cash disbursement journal “Sundry Account” column is P19,870. How will the column be posted and what is the posting reference will be entered?
Chapter 9 Solutions
COLLEGE ACCOUNTING (LL)W/ACCESS>CUSTOM<
Ch. 9 - Prob. 1.1SRQCh. 9 - What is a promissory note? In what situation would...Ch. 9 - How would the receipt of a 62 refund for supplies...Ch. 9 - Prob. 1.4SRECh. 9 - Prob. 1.5SRECh. 9 - Prob. 1.6SRACh. 9 - Prob. 2.1SRQCh. 9 - Prob. 2.2SRQCh. 9 - Prob. 2.3SRQCh. 9 - Prob. 2.4SRE
Ch. 9 - Prob. 2.5SRECh. 9 - Prob. 2.6SRACh. 9 - Prob. 3.1SRQCh. 9 - Prob. 3.2SRQCh. 9 - Prob. 3.3SRQCh. 9 - Prob. 3.4SRECh. 9 - Prob. 3.5SRECh. 9 - Prob. 3.6SRACh. 9 - Prob. 1CSRCh. 9 - Prob. 2CSRCh. 9 - Prob. 3CSRCh. 9 - Prob. 4CSRCh. 9 - Prob. 5CSRCh. 9 - Prob. 1DQCh. 9 - Prob. 2DQCh. 9 - Prob. 3DQCh. 9 - Prob. 4DQCh. 9 - Prob. 5DQCh. 9 - Prob. 6DQCh. 9 - Prob. 7DQCh. 9 - Prob. 8DQCh. 9 - Prob. 9DQCh. 9 - Prob. 10DQCh. 9 - Prob. 11DQCh. 9 - Prob. 12DQCh. 9 - Prob. 13DQCh. 9 - Prob. 14DQCh. 9 - Prob. 15DQCh. 9 - Prob. 16DQCh. 9 - Prob. 17DQCh. 9 - Prob. 18DQCh. 9 - Prob. 1ECh. 9 - Prob. 2ECh. 9 - Prob. 3ECh. 9 - Prob. 4ECh. 9 - Prob. 5ECh. 9 - Prob. 6ECh. 9 - Prob. 7ECh. 9 - Prob. 8ECh. 9 - Journalizing cash receipts, cash short or over,...Ch. 9 - Prob. 2PACh. 9 - Prob. 3PACh. 9 - Prob. 4PACh. 9 - Prob. 5PACh. 9 - Prob. 6PACh. 9 - Prob. 1PBCh. 9 - Prob. 2PBCh. 9 - Prob. 3PBCh. 9 - Prob. 4PBCh. 9 - Prob. 5PBCh. 9 - Prob. 6PBCh. 9 - Prob. 1CTPCh. 9 - Prob. 2CTPCh. 9 - Prob. 1MFCh. 9 - Prob. 2MFCh. 9 - Prob. 3MFCh. 9 - Prob. 4MFCh. 9 - Prob. 5MFCh. 9 - Prob. 6MFCh. 9 - Prob. 7MFCh. 9 - Prob. 8MFCh. 9 - Borrowing from Petty Cash Daniel Brown is in...Ch. 9 - Prob. 1FSA
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