10 – Acctg for Sales and Cash Receipts

Understanding the Accounting Cycle for a Service Business

  • 52: Identify special transactions that require tax review.

Understanding the Accounting Cycle for a Merchandising Business

  • 58: Record sales transactions for a merchandising business.
  • 60:   Journalize taxable and nontaxable sales transactions.
  • 61:   Post from journals to general and subsidiary ledgers.

After studying Chapter 10, in addition to understanding key terms, you will be able to:

  • LO1 Explain the relationship between the accounts receivable ledger and its controlling account.
  • LO2 Record sales on account using a sales journal.
  • LO3 Post sales on account to an accounts receivable ledger and a general ledger.
  • LO4 Record cash and credit card sales using a cash receipts journal.
  • LO5 Journalize cash receipts on account using a cash receipts journal.
  • LO6 Post cash receipts to an accounts receivable ledger and a general ledger.
  • LO7 Prepare a schedule of accounts receivable.

Chapter 10 Accounting Text

Chapter 10 Vocabulary Acct

Chapter 10 coversheet

Chapter 10 study guide

Work together 10-1 10-2 10- WTG wkprs

On Your Own 10-1 10-2 10- ONO wkprs

Application problem 10-1 10-2 10-4 APP wkprs

Chapter 10 Mastery