Accounting – 2/20/19

I. Bellwork
Page 259 – Q&A 1-3

II. Objectives:
Record cash payments using a cash payments journal.
Record replenishment of a petty cash fund
Analyze, interpret and journalize petty cash transactions

III. Discussion: Accounting for Cash Payments p. 260-266
Cash Payments Journal
Cash Payment of an Expense
Buying Supplies for Cash
Cash Payments on Account with Purchases Discount
Cash Payments on Account without Purchases Discount
Replenishing Petty Cash