Day 98

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.

Chapter 9 Folder

  1. Share your Chapter 9 folder with your teacher.  Your folder should include the following:
    • Lesson 9-1
    • Lesson 9-2
    • Lesson 9-3
    • Lesson 9-4
    • Mastery Problem 9-6
    • Challenge Problem 9-7

Chapter 9 Exam

  1. Chapter 9 Exam (password required)


  1. Read Chapter 10