Posted: September 14th, 2017

Apply Steps of Accounting Cycle for your MERCHENDISING / CORPORATION business.

Apply Steps of Accounting Cycle for your MERCHENDISING / CORPORATION business.

Requirements:
1. Show your Chart of Accounts and the 30 transactions that you already prepared in term 1 but make sure that your transactions must cover all types of sales, cash receipts, purchases and cash payments.
2. Record transactions in Special Journals & Journalize transactions that don’t have a special journal in the general journal. (2 Pts)
3. Post to the (General Ledger, Accounts Receivable Subsidiary Ledger, Accounts Payable Subsidiary Ledger). Prepare (Schedule of Accounts Receivable, Schedule of Accounts Payable, and Cash Proof. (3 Pts)
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