Let’s go step by step to understand what this Cash Receipts Journal is showing and how to verify the totals.
This journal records all cash received by a business during December 2016. Each row shows:
- The date
- Who paid (Account Credited)
- A reference number (PR)
- How much was debited to Cash, Discount, or other accounts
- How much was credited to Sales, Accounts Receivable (A/C R.A), or Sundries
At the bottom, we have “Total” for Dec. 31 — which should be the sum of each column above it.
Let’s check each total column one by one:
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Cash Debit Column:
We add up all the numbers under “Cash”:
500 + 4,600 + 150 + 1,800 + 700 + 400 + 1,600 + 2,200 = ?
Let’s compute step by step:
500 + 4,600 = 5,100
5,100 + 150 = 5,250
5,250 + 1,800 = 7,050
7,050 + 700 = 7,750
7,750 + 400 = 8,150
8,150 + 1,600 = 9,750
9,750 + 2,200 =
11,950
✔ Matches the total given: 11,950
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Discount Debit Column:
Only two entries: 25 and 50 and 30 and 100? Wait — let’s list them:
Dec. 01: 25
Dec. 04: 50
Dec. 23: 30
Dec. 25: 100
Wait — that’s four entries? But in the table, only Dec. 01, 04, 23, and 25 have discount amounts.
So: 25 + 50 = 75; 75 + 30 = 105; 105 + 100 =
205
✔ Matches the total given: 205
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Sales Credit Column:
Entries on:
Dec. 15: 1,800
Dec. 31: 2,200
Add: 1,800 + 2,200 =
4,000
✔ Matches the total given: 4,000
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A/C R.A (Accounts Receivable) Credit Column:
Entries on:
Dec. 01: 525
Dec. 04: 4,650
Dec. 23: 730
Dec. 25: 1,700
Add them:
525 + 4,650 = 5,175
5,175 + 730 = 5,905
5,905 + 1,700 =
7,605
✔ Matches the total given: 7,605
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Sundries Credit Column:
Entries on:
Dec. 08: 150
Dec. 24: 400
Add: 150 + 400 =
550
✔ Matches the total given: 550
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All columns add up correctly!
Final Answer: All totals are correct as shown in the journal.
Parent Tip: Review the logic above to help your child master the concept of printable cash receipt journal.
