Cash Receipts and Cash Payments Journal

1. Record Keeping Chapter 12Record Keeping for Accounts Payable Clerks Chapter 9 Jobs 56-60

3. Job 57 Class work 10 Points

4. Job 58 Class work 10 Points

5. Job 59 Class work 10 Points

6. Job 60 Class work 10 Points

8. Chapter 12 Test

9. 40 Questions Mastery Manager

10. ProblemJobs 56-60 Chapter 12

12. How to prepare a schedule of Accounts Payable

13. How to use and post a purchases journal

14. How to use and post a cash payments journal

15. How to use and post a purchases returns and allowances journal

17. Accounts Payable Accounts Purchases increase A/P Payments decrease A/P Credit Memos decrease A/P Accounts Payable A/P DR ( -) decrease Checks Credit Memos CR (+) increase ( NB) Normal Balance Purchases Invoice

18. Job 56Exercises Building Your Business Vocabulary Page 454-Text Book Problems 56-1 and 56-4

19. Job 57Using a Purchases Journal and an Accounts Payable Ledger Purchases Journal Records all Purchases of Merchandise on Account Records all Purchases from creditors by date. Purchases Invoice Purchases Journal AP Ledger CR

20. What are the 6 Steps of Posting? Copy the date Copy cash or invoice # or Cr. Memo Number Copy the Journal and Page Number Copy the amount Calculate new balance Copy account number Simply go from the left to the right for steps 1-5. Step 6 is showing that you completed steps 1-5.

21. Job 57Exercises Vocabulary Problems 57-1 and 57-3

22. Job 58Using a Cash Payments Journal and an Accounts Payable Ledger Cash Payments Journal Records all payments of cash to creditors Records all payments to creditors by date. Check Stub Cash PaymentsJournal AP Ledger DR

23. Job 59 Using a Purchases Journal, a Cash Payments Journal, and an Accounts Payable Ledger Purchased Journal Purchases Invoice—Source Document Records all purchases of merchandise purchased on account Recorded as a CR to A/P Cash Payments Journal Check stub—Source Document Records all payments of cash made to creditors Recorded as DR to A/P

24. Job 57 Using a Purchases Journal and an Accounts Payable Ledger Purchases Journal Records all Purchases of Merchandise on Account Records all Purchases from creditors by date. Purchases Invoice Purchases Journal AP Ledger CR Check Stub Cash Payments Journal AP Ledger DR

25. Job 60Using a Purchases Returns and Allowances Journal and an Accounts Payable Ledger Purchases Returns and Allowances Journal Records all Returnsof Merchandise to creditors Records all allowances given by creditors. Debit Memo—Source Document Purchases Returns and Allowances Journal AP Ledger DR Schedule of A/P—Listing of all creditors with a balance due.