Circle the Correct Answer to Each Situation (B) a Single-Column Purchases Journal Will Be Used For

Short Answer

Circle the correct answer to each situation.
-(a) A sales journal will be used for:

$\begin{array}{llll} \text {Credit \quad Sales} & \text { Cash \quad Sales } &\text {Sales \quad Returns } \\\text {Yes \quad \quad No} &\text { Yes\quad \quad No} &\text { Yes \quad\quad No}\end{array}$
(b) A single-column purchases journal will be used for:

$\begin{array}{lcccc}\text { Cash \quad Purchases } & \text { Purchases \quad on Account } & \text { Purchase\quad Discounts } \\\text { Yes\quad \quad No } & \text { Yes \quad \quad No } & \text { Yes\quad \quad No}\end{array}$

(c) A multi-column purchases journal will be used for:

$\begin{array}{llll} &\text {Supplies Purchased}&\text {Equipment Purchased}\\\text {Cash Purchases} &\text { on Account } &\text { on Account } \\\text {Yes\quad \quad No} &\text { Yes \quad \quad No} & \text {Yes\quad \quad No}\end{array}$


(d) A cash payments journal will be used for:
$\begin{array}{lll} \text {Payments to} & \text {Purchases }&\text { Owner Cash } \\\text {Creditors} &\text { Discounts} & \text {Investment} \\\text {Yes\quad \quad No} &\text { Yes\quad \quad No }&\text { Yes\quad \quad No}\end{array}$



(e) A cash receipts journal will be used for:

$\begin{array}{lcccc} \text { Owner Cash }\\ \text {Withdrawals} & \text {Purchases Discounts } & \text {Cash Sales } \\\text {Yes\quad \quad No} & \text {Yes\quad \quad No} &\text { Yes\quad \quad No}\end{array}$