Lesson 10 2
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LESSON 10-2. Journalizing Cash Receipts Using a Cash Receipts Journal. Cash Register Receipt. UPC (Universal Product Code). Point-of-Sale (POS) Terminal Receipt. PROCESSING SALES TRANSACTIONS. pages 276- 277. (continued on next slide). Terminal Summary. Batch Report.

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LESSON 10-2

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Lesson 10 2

LESSON 10-2

Journalizing Cash Receipts Using a Cash Receipts Journal


Processing sales transactions

Cash Register Receipt

UPC (Universal Product Code)

Point-of-Sale (POS) Terminal Receipt

PROCESSING SALES TRANSACTIONS

pages 276- 277

(continued on next slide)

LESSON 10-2


Processing sales transactions1

Terminal Summary

Batch Report

PROCESSING SALES TRANSACTIONS

page 277

(continued from previous slide)

LESSON 10-2


Cash receipts journal

CASH RECEIPTS JOURNAL

page 278

LESSON 10-2


Cash and credit card sales

CASH AND CREDIT CARD SALES

page 279

November 4. Recorded cash and credit card sales, $5,460.00, plus sales tax, $327.60; total, $5,787.60. Terminal Summary 34.

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1.Write the date.

2.Place a check mark in the Account Title column.

3.Write the terminal summary document number.

4.Place a check mark in the Post. Ref. column.

5.Write the sales amount.

6.Write the sales tax amount.

7.Write the cash amount.

LESSON 10-2


Cash receipts on account

CASH RECEIPTS ON ACCOUNT

page 280

November 6. Received cash on account from Country Crafters, $2,162.40, covering S69. Receipt No. 90.

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1.Write the date.

2.Write the customer’s name.

3.Write the receipt number.

4.Write the credit amount.

5.Write the debit amount.

LESSON 10-2


Journalizing cash receipts on account with sales discounts

JOURNALIZING CASH RECEIPTS ON ACCOUNT WITH SALES DISCOUNTS

page 282

November 7. Received cash on account from Cumberland Center, $1,176.00, covering Sales Invoice No. 74 for $1,200.00, less 2% discount, $24.00. Receipt No. 91.

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1.Write the date.

4.Write the original invoice amount.

2.Write the customer’s name.

5.Write the amount of sales discount.

3.Write the receipt number.

6.Write the debit to cash.

LESSON 10-2


Totaling proving and ruling a cash receipts journal

TOTALING, PROVING, AND RULING A CASH RECEIPTS JOURNAL

page 283

LESSON 10-2


Terms review

TERMS REVIEW

page 284

  • cash sale

  • credit card sale

  • point-of-sale (POS) terminal

  • terminal summary

  • batch report

  • batching out

  • cash receipts journal

  • sales discount

LESSON 10-2


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