Horton Company Uses Four Special Journals, (Cash Receipts, Cash Payments

question 118

Essay

Horton Company uses four special journals, (cash receipts, cash payments, sales, and purchases journal) in addition to a general journal. On November 1, 2014, the control accounts in the general ledger had the following balances: Cash $12,000, Accounts Receivable $200,000 and Accounts Payable $42,000. Selected information on the final line of the special journals for the month of November is presented below: Additional Data:
The Sales Journal total was $41,000. A customer returned merchandise for credit for $360 and Norton Company returned store supplies to a supplier for credit for $400.
Instructions
(a) Determine the missing amounts in the special journals.
(b) Determine the balances in the general ledger accounts (Cash, Accounts Receivable, and Accounts Payable) at the end of November.

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Definitions:

Androgyny

The combination of masculine and feminine characteristics into an ambiguous form, often pertaining to one’s gender expression or identity.

Body

Refers to the physical structure of a person or an organism, including the bones, flesh, and organs.

Masculinity

Attributes, behaviors, and roles traditionally associated with boys and men in a given society.

Femininity

A set of attributes, behaviors, and roles generally associated with girls and women, which are socially constructed and vary across cultures and time.