Essay
If a two-column
(all-purpose) general journal, a revenue journal, and a cash receipts journal are used, indicate the journal in which each of the following transactions should be recorded:
(a)Investment of additional cash in the business by the owner
(b)Rendering of services for cash
(c)Rendering of services on account
(d)Receipt of cash on account from a customer
(e)Sale of office supplies for cash, at cost, to a neighboring business
(f)Adjustment to record supplies used at the end of the year
(g)Closing of drawing account at the end of the year
Correct Answer:

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(a)cash receipts journal
(b)ca...View Answer
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(b)ca...
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