Sales Journal
What source document is used for a sales journal?
What is Sales Slip
What source documents are used for a cash receipts journal?
What are receipts & tapes.
When should we post to the general ledger?
What is daily.
What is Accounts Receivable Debit.
This is put at the top of the schedule of accounts receivable.
What is a heading.
What account is the debit in the sales journal?
What is Accounts Receivable
If a company receives $200 from another company in payment of their account what column would you put the $200?
What is the accounts receivable column.
These numbers are typically put into the general ledger.
What are column totals
This cash receipts journal column is used to post into the accounts receivable ledger.
What is accounts receivable credit.
These are listed on the left side of the schedule of accounts receivable.
What are the accounts receivable names.
What two accounts are the credits?
What are Sales & Sales Tax Payable.
Wildwood Resorts sent a check for $488 in payment of their account, $500 less a $12 cash discount. Which column would the $12 cash discount go into?
What is Sales Discount.
These two accounts will not use column totals for their general ledger entries.
What are supplies & store equipment.
This is the normal balance in the accounts receivable ledger.
What is Debit
This ledger is where I get the names of my accounts and the totals that they owe.
What is the accounts receivable sub ledger.
What is the sales journal used for?
Wildwood Resorts sent a check for $488 in payment of their account, $500 less a $12 cash discount. Which column would the $488 check go into?
What is cash in bank.
The account number in the general ledger is put here in the sales and cash receipts journals.
What is below the column totals
Would I use my column totals or individual transactions for the accounts receivable ledger?
What is individual transactions.
This is what I do after listing all my accounts and their totals.
What is total the balances left.
What do you do to finish the sales journal?
What is totaling the columns.
What two account titles are the only ones that affect sales & sales tax payable?
What are cash sales & bankcard sales.
What do we put into the post reference for the general ledger?
What is the page number of the special journal.
The remaining balance for an account in this ledger means that is how much the company...
What is owes our company.
The total at the end of our schedule should equal this general ledger account.
What is account receivable.