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Accounting Information Systems 7th Edition by Cynthia Heagy,Constance Lehmann
Edition 7ISBN: 978-1111219512Accounting Information Systems 7th Edition by Cynthia Heagy,Constance Lehmann
Edition 7ISBN: 978-1111219512 Exercise 15
In Exhibit 3.6, you see a credit sale to G. H. Allen that is recorded in a paper-based accounting system. On July 28, 2012, Aca Pool Co. received check number 6311 from G. H. Allen in payment of his outstanding invoice.
Required:
a. Record the receipt of Allen's check on the cash receipts prelist, document number CR645. Your instructor will provide you a blank form.
b. Use the prelist as your source document to record this cash receipts transaction in the appropriate special journal. Your instructor will provide you a blank journal.
c. What are the two ledgers that need to be posted because of this cash receipt, and what are the effects of the postings?
Required:
a. Record the receipt of Allen's check on the cash receipts prelist, document number CR645. Your instructor will provide you a blank form.
b. Use the prelist as your source document to record this cash receipts transaction in the appropriate special journal. Your instructor will provide you a blank journal.
c. What are the two ledgers that need to be posted because of this cash receipt, and what are the effects of the postings?
Explanation
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a. Cash receipts prelist:
b. This cas...
Accounting Information Systems 7th Edition by Cynthia Heagy,Constance Lehmann
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