Essay
Read each transaction and identify the journal in which the transaction should be recorded.
1. Recorded adjusting journal entry for accrued interest
2. Performed advising services on account
3. Purchased office supplies on account
4. Borrowed money for expansion project
5. Received $500 from Tool Tech. on account
6. Owner withdrew cash for personal use
7. Paid monthly rent
8. Recorded depreciation on equipment
9. Completed Job 34aG for services provided to Beard Co.
10. Purchased inventory on account
Correct Answer:

Verified
1. general journal
2. revenue journal
3....View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
2. revenue journal
3....
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q177: <span class="ql-formula" data-value="\text { Match the transactions
Q178: Connie and Jill operate Reardon's Bakery
Q179: The means by which the accounting system
Q180: The Post. Ref. column of the revenue
Q181: The discovery and correction of errors is
Q183: A cash payments journal would not include
Q184: Which of the following transactions is recorded
Q185: Purchases journals will have an Other Accounts
Q186: The transactions completed by Franklin Company
Q187: Businesses can only be segmented by type