Prepare a journal entry using the special journal example given below.
1. Sales journal: used to track sales of items customers purchased.
2.Purchases journal: records transactions involving purchases on credit.
3.Cash receipt journal: used to keep track record of items sold when cash is received.
4.Cash disbursement (payment) journal: record of transactions that involves expenditure paid with cash. i.e receipts and cheque.
Answers
Answered by
0
Explanation:
This Cash Receipt Journal records information from Cash Receipts (Item BFA508 , sold ... Example: Recorded cash and credit card sales, $5,460. ... Use it alongside the Cash Disbursements Journal, which tracks cash going out of your business. ... Select OK. the Sales and Purchases Journals.
Similar questions