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
- Make a copy of this spreadsheet.
- Place this file in your Chapter 9 folder.
- Rename the file to Mastery Problem 9-6-(Your Initials)
- Complete the spreadsheet according to the directions on page 262 or below.
Challenge Problem 9-7
- Make a copy of this spreadsheet.
- Place this file in your Chapter 9 folder.
- Rename the file to Challenge Problem 9-7-(Your Initials)
- Complete the spreadsheet according to the directions on page 263 or below.
Study Guide 9
- 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.