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SP 7 Assume that Santana Rey expands Business Solutions’ accounting system

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SP 7 Assume that Santana Rey expands Business Solutions’ accounting system to include special journals. Page 310

Required

1. Locate the transactions related to January through March 2012 for Business Solutions in Chapter 5.

2. Enter the Business Solutions transactions for January through March in a sales journal like that in Exhibit 7.5 (insert “n/a” in the Invoice column), a cash receipts journal like that in Exhibit 7.7, a pur- chases journal like that in Exhibit 7.9 (use Computer Supplies heading instead of Office Supplies), and a cash disbursements journal like that in Exhibit 7.11 (insert “n/a” in the Check Number column), or a general journal. Number journal pages as page 2. If the transaction does not specify the name of the
payee, state “not specified” in the Payee column of the cash disbursements journal.

3. The transactions on the following dates should be journalized in the general journal: January 5, 11, 20, 24, and 29 (no entry required) and March 24. Do not record and post the adjusting entries for the end of March.

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