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Sales Journal and Cash Receipts Journal a. List the steps to record transactions in the
Chapter 16, Problem 2(choose chapter or problem)
Sales Journal and Cash Receipts Journal
a. List the steps to record transactions in the sales journal.
b. What are the source documents for transactions recorded in the cash receipts journal?
Questions & Answers
QUESTION:
Sales Journal and Cash Receipts Journal
a. List the steps to record transactions in the sales journal.
b. What are the source documents for transactions recorded in the cash receipts journal?
ANSWER:Step 1 of 3
A special journal used to record all cash receipt transactions with permanent Cash in Bank Debit column is cash receipts journal as every transaction in it debits the Cash in Bank account.