Accounting - Chapter 9
Distinguish among service, retail merchandising, and wholesale merchandising businesses.
Identify differences between a sole proprietorship and a corporation.
Explain the relationship between a subsidiary ledger and a controlling account.
Describe accounting procedures used in ordering merchandise.
Discuss the purpose of a special journal.
Journalize purchases of merchandise on account using a purchases journal.
Post merchandise purchases to an accounts payable ledger and a general ledger.
Record cash payments using a cash payments journal.
Record replenishment of a petty cash fund.
Post cash payments to an accounts payable ledger and a general ledger.
Accounting for Purchases and Cash Payments
Chapter 9 PowerPoint
Chapter 9 Quizlet
Application Problem 9-4
Think Like An Accountant