Matching
A company entered into the following transactions. Match each transaction with the appropriate journal in which it should be recorded.
Premises:
Purchased merchandise on account, $2,100.
Recorded depreciation on office equipment of $2,000.
Paid a telephone bill for $3,400 cash.
Purchased $1,150 of office supplies on account.
Borrowed $7,000 cash from the local bank.
Recorded cash sales of $12,700.
Paid $15,000 cash in wages to employees.
Returned defective inventory purchased on account, $2,550.
A customer returned a $250 item purchased on account.
Purchased equipment on account for $4,000.
Responses:
General journal
Sales journal
Cash disbursements journal
Cash receipts journal
Purchases journal
Correct Answer:
Premises:
Responses:
Purchased merchandise on account, $2,100.
Recorded depreciation on office equipment of $2,000.
Paid a telephone bill for $3,400 cash.
Purchased $1,150 of office supplies on account.
Borrowed $7,000 cash from the local bank.
Recorded cash sales of $12,700.
Paid $15,000 cash in wages to employees.
Returned defective inventory purchased on account, $2,550.
A customer returned a $250 item purchased on account.
Purchased equipment on account for $4,000.
Premises:
Purchased merchandise on account, $2,100.
Recorded depreciation on office equipment of $2,000.
Paid a telephone bill for $3,400 cash.
Purchased $1,150 of office supplies on account.
Borrowed $7,000 cash from the local bank.
Recorded cash sales of $12,700.
Paid $15,000 cash in wages to employees.
Returned defective inventory purchased on account, $2,550.
A customer returned a $250 item purchased on account.
Purchased equipment on account for $4,000.
Responses:
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