Accounting 2 – 2/27/08
Objectives:
- Journalize sales on account using a sales journal.
- Journalize cash receipts using a cash receipts journal.
I. Bellwork
A. Identify in which journal each transaction should be recorded.
- Sold merchandise on account to ADM Corp $500.00 plus sales tax $30.00
- Received cash on account from ADM Corp. $250.00
- Recorded cash and credit card sales $1500.00 and sales tax $90.00.
II. Classwork
A. Chapter 11 Study Guide
B. Recycle Problem C-11
III. Chapter 11 Test Tomorrow