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College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570

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BuyFindarrow_forward

College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570
Textbook Problem

Describe the posting procedure for a cash payments journal with an Other Accounts Debit column and several special columns, including an Accounts Payable Debit column.

To determine

Explain the procedure for posting the cash payments journal with other accounts debit column and several special columns.

Explanation

Cash payments journal is the special journal entry used to record all the transactions that cash goes out or decreases in the cash account. In the cash payment journal the transactions which are credit the cash must be recorded. This cash payment journal may be used for a service or merchandising business.

Procedure for the posting the cash payment journal with other accounts debits column and several special columns.

  • Total of the special columns are posted as total at the end of the month...

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