1. Chapter 10 Special Journals

2. Special Journal For midsize companies Many repetitive transactions Sales Journal Purchases Journal Cash Receipts Journal Cash Payments Journal Posting may be similarly to the Columnar Journal

3. Sales Journal All sales on account Post totals to general ledger PR column indicates posting to A/R sub ledger

4. Purchases Journal All purchases on account (A/P)

5. Cash Receipts Journal All cash account debit entries If transaction is part cash it is made in the cash journal Debit to A/R indicated with a circle

6. Cash Payments Journal All cash payments (credit to Cash)

7. General Journal All other transactions, e.g., owner donates a vehicle to the business, adjusting and closing entries