Special Journals: Sales Journal - Objectives
After you have completed this section, you will be able to:
- Identify special journals and explain how they are used in a merchandizing business.
- Record transactions in sales journals.
- Post transactions from sales to customer accounts in the accounts receivable subsidiary ledger.
- Foot, prove, total, and rule sales and cash receipts journals.
- Post column totals from sales journals to general ledger accounts.
- Prepare a schedule of accounts receivable.
- Define the accounting terms introduced in this section.