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-   -   Journals and book of entries (https://www.askmehelpdesk.com/showthread.php?t=656742)

  • May 2, 2012, 07:44 PM
    Pidgeon73
    Journals and book of entries
    I am trying to figure the accounts. And what needs to posted to what journals. I got them worked out but not sure why I am not getting the right answers. For instance

    June 1 Cash Receipts Journal 20,000
    June 1 Purchase 2500
    June 2 general journal 520
    June 2 Purchase journal 1500
    June 3 Purchase Journal 5500
    June 4 Cash payment 85
    June 4 Sales Journal 625
    June 5 Sales Journal 920
    June 5 General 230
    June 8 Sales Journal 1100
    June 8 Cash Payment 580
    June 9 Sales Journal 2000
    June 9 cash payment 1816
    June 10 cash payment 600
    June 11 cash receipts 4950
    June 12 Sales Journal 3140
    JUne 12 Sales Journal 2240
    June 15 cash payment 640, cash payment 260
    June 16 sales journal 4200
    June 17 cash receipts journal 990
    June 17 general journal 360
    June 18 sales journal 1910
    June 19 cash receipts journal 1600
    June 19 sales journal 2720
    June 22 cash receipts journal 1432
    June 22 cash payment 260
    June 23 cash payment 95
    June 24 sales journal 1720
    June 25 purchase journal 8200
    June 25 cash receipts journal 3360
    June 26 cash receipt journal 2220
    June 26 cash receipts journal 1528
    June 29 cash payments journal 65
    June 30 cash payment 640
    June 30 cash receipts 500
    June 30 general journal 700

    I am not sure if I got the proper journals done can u help?

    The total of the purchases journal on June 30 is:
    A. 23,50 B. 23,000 C. 22,020 D. 21,500
    I picked (B) and is wrong

    The total of the sales discount in the cash receipts journal is:
    A.92.10 B. 130.30 C. 137.50 D. 195.40
    I got this correct (B)

    Entries were recorded in the general journal for transactions on:
    A. June 1,5,and 17 B. June 2,17, and 30 C. June 1,2,and 30 D. June 2,5, and 17
    I chose (B) and it is wrong. But I think it should be (D)

    On June 30, the totals of the purchases journal and the accounts payable column of the cash payments journal are posted to the accounts payable general ledger account. Individual postings are made from the general journal. After these entries have been posted to the general ledger from the journals, the balance in the accounts payable is:
    A. 21,500 B.8430 C. 8200 D. 7680
    I chose A and was wrong

    How many entries were made in the other accounts column of the cash payments journal?
    A.5 B.6 C.7 D.8
    D is wrong

    HELP ME :(

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