After studying Chapter 10, you will be able to:
- Define accounting terms related to sales and cash receipts for a merchandising business.
- Identify accounting concepts and practices related to sales and cash receipts for a merchandising business.
- Journalize sales on account using a sales journal.
- Journalize cash receipts using a cash receipts journal.
- Record sales returns and allowances using a general journal.
Mastery Problem 10-4
- Make a copy of this spreadsheet.
- Place this file in your Chapter 10 folder.
- Rename the file to Mastery Problem 10-4-(Your Initials)
- Complete the spreadsheet according to the directions on page 290 or below.
Challenge Problem 10-5
- Make a copy of this spreadsheet.
- Place this file in your Chapter 10 folder.
- Rename the file to Challenge Problem 10-5-(Your Initials)
- Complete the spreadsheet according to the directions on page 291 or below.
Study Guide 10
- Utilize this review to assess your learning from Chapter 10. You have 10 attempts to get as good of a score as you can. You are free to use the online textbook above when going through this review.