Lesson 10 2
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  • 1. LESSON 10-2 Journalizing Cash Receipts Using a Cash Receipts Journal CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
  • 2. PROCESSING SALES TRANSACTIONS UPC (Universal Product Code) Cash Register Receipt 2 pages 276- 277 Point-of-Sale (POS) Terminal Receipt (continued on next slide) CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 10-2
  • 3. 3 PROCESSING SALES TRANSACTIONS page 277 Terminal Summary Batch Report (continued from previous slide) CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 10-2
  • 4. 4 CASH RECEIPTS JOURNAL CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning page 278 LESSON 10-2
  • 5. 5 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. 1 1. 2. 3. 4. 5. 6. 7. 2 3 4 5 6 7 Write the date. Place a check mark in the Account Title column. Write the terminal summary document number. Place a check mark in the Post. Ref. column. Write the sales amount. Write the sales tax amount. Write the cash amount. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 10-2
  • 6. 6 CASH RECEIPTS ON ACCOUNT page 280 November 6. Received cash on account from Country Crafters, $2,162.40, covering S69. Receipt No. 90. 1 1. 2. 3. 4. 5. 2 3 4 5 Write the date. Write the customer’s name. Write the receipt number. Write the credit amount. Write the debit amount. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 10-2
  • 7. 7 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. 1 2 3 1. Write the date. 2. Write the customer’s name. 3. Write the receipt number. 4 5 4. Write the original invoice amount. 5. Write the amount of sales discount. 6. Write the debit to cash. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 10-2 6
  • 8. 8 TOTALING, PROVING, AND RULING A CASH RECEIPTS JOURNAL CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning page 283 LESSON 10-2
  • 9. 9 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 CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 10-2
  • 10. 9 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 CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 10-2