Day 94

After studying Chapter 9, you will be able to:

  • Define accounting terms related to purchases and cash payments for a merchandising business.
  • Identify accounting concepts and practices related to purchases and cash payments for a merchandising business.
  • Journalize purchases of merchandise using a purchases journal.
  • Journalize cash payments and cash discounts using a cash payments journal.
  • Prepare a petty cash report and journalize the reimbursement of the petty cash fund.
  • Total, prove, and rule a cash payments journal and start a new cash payments journal page.
  • Journalize purchases returns and allowances and other transactions using a general journal.

Notes 9-4

  1. Obtain a Notes 9-4 handout from your instructor and record your notes through the presentation.  You can also view the Notes 9-4 presentation.

Working Together 9-4

  1. Make a copy of this spreadsheet.
  2. Place this file in your Chapter 9 folder.
  3. Rename the file to Lesson 9-4-(Your Initials)
  4. Complete the spreadsheet according to the directions on page 258 or below.

On Your Own 9-4

  1. Use the general journal that you started for Working Together 9-4 in the Lesson 9-4 spreadsheet.  Work this problem independently.  Following the instructions on page 258 or below.

Self-Assessment 9-4

  1. Complete this self-assessment for Lesson 9-4.  You can use your textbook and notes to complete this assessment.  

Application Problem 9-5

  1. Using your Lesson 9-4 spreadsheet, click on the Application Problem 9-5 sheet at the bottom left, and complete the problem as directed on page 262 or below.