Matching
A company entered into the following transactions. For each transaction, indicate the appropriate journal in which it should be recorded.
Premises:
Sold merchandise for cash.
Received cash from a customer to settle an account receivable.
Sold merchandise on credit.
Borrowed cash from the bank.
Bought office supplies on credit.
Paid cash to settle the utility bill.
Purchased merchandise for cash.
Purchased merchandise on credit.
Owner invested more cash in the business.
Recorded depreciation for the period.
Responses:
General Journal
Purchases Journal
Sales Journal
Cash Disbursements Journal
Cash Receipts Journal
Correct Answer:
Premises:
Responses:
Sold merchandise for cash.
Received cash from a customer to settle an account receivable.
Sold merchandise on credit.
Borrowed cash from the bank.
Bought office supplies on credit.
Paid cash to settle the utility bill.
Purchased merchandise for cash.
Purchased merchandise on credit.
Owner invested more cash in the business.
Recorded depreciation for the period.
Premises:
Sold merchandise for cash.
Received cash from a customer to settle an account receivable.
Sold merchandise on credit.
Borrowed cash from the bank.
Bought office supplies on credit.
Paid cash to settle the utility bill.
Purchased merchandise for cash.
Purchased merchandise on credit.
Owner invested more cash in the business.
Recorded depreciation for the period.
Responses:
Related Questions
Q26: All of the following statements regarding source
Q48: An accounts payable ledger:<br>A) Contains a separate
Q58: Input devices involve converting data on source
Q84: A company entered into the following transactions.
Q87: The sales journal is used for recording:<br>A)
Q137: A company that reports segment information had
Q140: Explain how the amounts in the subsidiary
Q154: Wexim Toys purchased merchandise from a supplier
Q172: Examples of other subsidiary ledgers besides those
Q174: After posting is completed, there may be