Accounting – 3/07/19

I.  Bellwork P 294-295 Q&A

1. Name three reports a POS terminal can provide to assist management decisions
2. Summarize what information is provided on a Batch report

II,  Objectives

• Record cash and credit card sales using a cash receipts journal.
• Journalize cash receipts on account using a cash receipts journal.
• Outline procedures for Journalizing Cash and Credit Card Sales using a sequence map

III.  Discussion

10-3 Accounting for Cash and Credit Card Sales  294-301

• Processing Sales Transactions
• Processing Credit Cards
• Cash Receipts journal
• Cash and Credit Card Sales
• Cash Receipts on Account
• Calculating Cash Receipts on Account with Sales Discount
• Journalizing Cash Receipts on Account with Sales Discounts

IV.   Notebook

• Sequence Map Page 297 – Journalizing Cash and Credit Card Sales

  V.  Classwork

• 10-3 Working Together & On Your Own  P301
• On Aplia – 10-3 Working Together & On Your Own

Accounting W2019