The partial September transactions are as follows — month has elapsed since Precision Computer Centre year-end Tony Freedman will use

Accounting & FinanceFinancial AccountingWorked Solution

A month has elapsed since Precision Computer Centre’s year-end. Tony Freedman will use four specialized journals for recording business transactions in the month of September. To assist you in recording the transactions, the Schedule of Accounts Receivable as of August 31 and the Schedule of Accounts Payable as of August 31 are shown below. An updated chart of accounts with the current balance listed for each account is provided on page 309.

The partial September transactions are as follows:

SOLUTION

PRECISION COMPUTER CENTRE

SALES JOURNAL

PRECISION COMPUTER CENTRE

CASH RECEIPTS JOURNAL

PRECISION COMPUTER CENTRE

CASH PAYMENTS JOURNAL

Solution Continue In Next Page.

PRECISION COMPUTER CENTRE

ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER

PRECISION COMPUTER CENTRE

ACCOUNT RECEIVABLE SUBSIDIARY LEDGER

PRECISION COMPUTER CENTRE

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