Day 95-97

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.

Mastery Problem 9-6

1. Make a copy of this spreadsheet.
2. Place this file in your Chapter 9 folder.
3. Rename the file to Mastery Problem 9-6-(Your Initials)
4. Complete the spreadsheet according to the directions on page 262 or below.

Challenge Problem 9-7

1. Make a copy of this spreadsheet.
2. Place this file in your Chapter 9 folder.
3. Rename the file to Challenge Problem 9-7-(Your Initials)
4. Complete the spreadsheet according to the directions on page 263 or below.

Study Guide 9

1. Utilize this review to assess your learning from Chapter 9.  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.