1 / 8

LESSON 10-2

LESSON 10-2. Journalizing Cash Receipts Using a Cash Receipts Journal. Cash Register Receipt. UPC (Universal Product Code). Point-of-Sale (POS) Terminal Receipt. PROCESSING SALES TRANSACTIONS. page 277. Bar code on products that is scanned at “check out”. Customer’s Receipt.

dian
Download Presentation

LESSON 10-2

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. LESSON 10-2 Journalizing Cash Receipts Using a Cash Receipts Journal

  2. Cash Register Receipt UPC (Universal Product Code) Point-of-Sale (POS) Terminal Receipt PROCESSING SALES TRANSACTIONS page 277 Bar code on products that is scanned at “check out” Customer’s Receipt LESSON 10-2

  3. Terminal Summary Batch Report PROCESSING SALES TRANSACTIONS page 277 Shows transactions that occurred at a particular register Submitted to banks for payment (continued from previous slide) LESSON 10-2

  4. CASH RECEIPTS JOURNAL page 278 Special column for Cash Debit Record 2 types of transactions: 1. Cash Sales: Cash Debit Sales Credit 2. Paid On-Account: Cash Debit A/R Credit LESSON 10-2

  5. CASH AND CREDIT CARD SALES page 279 November 4. Recorded cash and credit card sales, $5,460.00, plus sales tax, $327.60; total, $5,787.60. Terminal Summary 34. 1. Write the date. 2. Place a check mark in the Account Title column. 3. Write the terminal summary document number. 4. Place a check mark in the Post. Ref. column. 5. Write the sales amount. 6. Write the sales tax amount. 7. Write the cash amount. LESSON 10-2

  6. CASH RECEIPTS ON ACCOUNT page 280 November 6. Received cash on account from Country Crafters, $2,162.40, covering S69. Receipt No. 90. 1. Write the date. 2. Write the customer’s name. 3. Write the receipt number. 4. Write the credit amount. 5. Write the debit amount. LESSON 10-2

  7. JOURNALIZING CASH RECEIPTS ON ACCOUNT WITH SALES DISCOUNTS page 282 November 7. Received cash on account from Cumberland Center, $1,176.00, covering Sales Invoice No. 74 for $1,200.00, less 2% discount, $24.00. Receipt No. 91. 1. Write the date. 4. Write the original invoice amount. 2. Write the customer’s name. 5. Write the amount of sales discount. 3. Write the receipt number. 6. Write the debit to cash. LESSON 10-2

  8. TOTALING, PROVING, AND RULING A CASH RECEIPTS JOURNAL page 283 Ruling Journal: Debits must equal Credits Debit Credit Accounts Receivable 9540.00 Sales 27532.50 Sales Tax Payable 1648.80 Sales Discount 52.50 Cash 38,668.80 Total $38,721.30 $38,721.30 LESSON 10-2

More Related