Outdoors Unlimited uses special journals to record its daily transactions.They use the perpetual inventory system.Shown below is its cash receipts journal and selected ledger accounts.
a.Post the cash receipts journal to the appropriate ledger accounts.
b.Review the transactions in the journal,identify any that seem to require investigation,and explain.

Question

Outdoors Unlimited uses special journals to record its daily transactions.They use the perpetual inventory system.Shown below is its cash receipts journal and selected ledger accounts.
  a.Post the cash receipts journal to the appropriate ledger accounts.
  b.Review the transactions in the journal,identify any that seem to require investigation,and explain.

Quizplus · Accepted Answer

The Answer of Outdoors Unlimited uses special journals to record its daily transactions.They use the perpetual inventory system.Shown below is its cash receipts journal and selected ledger accounts.
  a.Post the cash receipts journal to the appropriate ledger accounts.
  b.Review the transactions in the journal,identify any that seem to require investigation,and explain.

Outdoors Unlimited Uses Special Journals to Record Its Daily Transactions