Accounting (four and eight)

You make work as partners for this weeks problem. No more than two can be involved in the partnership. I am in DC, if you need to reach me I will check my email in the evenings. fairbanksgolf@gmail.com

Please be courteous and cooperative for Mr. Pinkerton.

Textbook:

Read instructions for Reinforcement activity 2 on pg. 368. Transactions will be sorted into the special journals based on the source document.

Follow the grid below closely:
C=Check (Cash Payments)

M=Memorandum (General Journal)

P=Purchase Invoice (Purchases Journal)

R=Receipt (Cash Receipts Journal)

S=Sales Invoice (Sales Journal)

T=Cash Register Tape (Cash Receipts Journal)

(For the entries on the 15th and 31st that deal with specifically with payroll; see Mr. Pinkerton for teacher's manual and entries, look for the highlights)

If a transaction lists two source documents, always refer to the second or last source document coded.
You will need all five journals for this problem. (Gj2.xls, Crj6.xls, Cpj4.xls, Pj1.xls, Sj3.xls)
Journalize the entries on page 370; each day post one week of entries.

Good luck this is our longest and most difficult problem to date! Rename and save your journals in your accounting folder on the z:drive.

Click on "link" for journals shortcut
LINK