Thursday, February 11, 2010

Thursday, February 11, 2010

Dear Class:

Short Review then:

9-4 talks about journaling other transactions using a general journal (see page 254 and 255). This deals with supplies bought on account. Then the book goes into journalizing purchases returns and allowances. "payable" (debit) but "returns and allowances" (credit) which balances out to "0".

You will do the application problems 9-2, 9-3, 9-4 and 9-5 in the "Interactive Spreadsheets" (located on pages 260-62 in the bookI do want to talk to you about p. 266 and 267.

Please go on to Lesson 10 and read ahead! Thanks.

Sincerely,
Mr. Green-Hite

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