GOAL: Before you leave today you will know about internal controls and how to establish a banking system for your business.
- Log in to cengagebrain
- Click CENGAGE NOW
- Click ASSIGNMENTS
- Continue CHAPTER 9 HOMEWORK (APPLICATION)–show me as you finish each one
GOAL: Before you leave class today you will have the opportunity to practice recording transactions in the general journal for purchases and sales of a merchandising business that uses a perpetual inventory system.
- Download this spreadsheet & use to to do the transactions for Problem 9-4A on pages 411 to 412 in your textbook.
- Download this spreadsheet & use to to do the transactions for Problem 9-4B on page 416 in your textbook.
GOAL: Before you leave today you will have the opportunity to practice using a 3-column purchases journal and post to a general ledger and an accounts payable ledger.