3/17/2023 0 Comments Reinforcment activity audit exam![]() Models of the journals and ledgers are shown in the textbook chapters indicated. GUS accepts Journals and Ledgers The journals and ledgers used by GUS are listed below. A monthly rent is paid for its store space in the shopping center. ![]() GUS is located in an open-area shopping center and is open for business Monday through Saturday. The business sells a complete line of uniforms for a variety of businesses and organizations, Including schools, medical offices, and retail stores. (GUS) Gulf Uniform Supply, Inc (GUS), a merchandising business is organized as a corporation. The records kept and reports prepared, however, illustrate the application of accounting concepts for all merchandising businesses. The accounting work of a single merchandising business for the last month of a yearly fiscal period is used in this reinforcement activity. Part B includes learning from Chapters 14 through 17. Part A includes learning from Chapters 9 through 13. Reinforcement Activity 2 is a single problem divided into two parts. Activities cover a complete accounting cycle for a merchandising business organized as a corporation. Ng Reinforcement Activity 2-Part A An Accounting Cycle for a Corporation: Journalizing and Posting Transactions QR AAONLINE Sage 50 Accounting credit sales for approved customers and credit cards from individual customers Chart of Accounts GUS uses the chart of accounts shown on the next page Reinforcement Activity 2 reinforces learning from Part 2.
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