Question

A journal that is used to record and post transactions of a similar type is a(n):

A journal that is used to record and post transactions of a similar type is a(n):

0 0
Add a comment Improve this question Transcribed image text
Answer #1

A journal that is used to record and post transactions of a similar type is a special journal.

Explanation:

A special journal is an accounting journal that is used to record and post transactions of similar types. Special journals include sales journal, cash receipts journal, purchases journal or cash disbursement journals. Each of the special journals mentioned record only one type of transactions. For example, the sales journal only records transactions involving sales.

Add a comment
Know the answer?
Add Answer to:
A journal that is used to record and post transactions of a similar type is a(n):
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  •    Record January transactions in the General Journal and post to the General Ledger. • Record...

       Record January transactions in the General Journal and post to the General Ledger. • Record adjusting entries for January in the General Journal and post to the General Ledger . • Prepare the adjusted trial balance as of January 31 - Record January transactions in the General Journal and post to the General Ledger. • Record adjusting entries for January in the General Journal and post to the General Ledger . • Prepare the adjusted trial balance as of...

  • Use the following cash receipts journal to record the transactions. (If a box is not used...

    Use the following cash receipts journal to record the transactions. (If a box is not used in the journal leave the box empty; do not select any information and do not enter a zero. Abbreviations used: Disc. = Discounts, Forfeit. = Forfeited; Rec. = Receivables, Rev. = Revenue, Accts = Accounts, Inv. = Inventory) A (Click the icon to view the transactions.) Post. Cash Receipts Journal Accounts Sales Sales Disc. Other Rec. CR Rev. CR Forfeit. CR | Accts CR...

  • Calibri 11 - BIV A. A JULY TRANSACTIONS Prepare and post journal entries to record the...

    Calibri 11 - BIV A. A JULY TRANSACTIONS Prepare and post journal entries to record the July transactions. During July, Bob Lutz completed these transactions for Lutz Repair Service: July 1st Paid the monthly rent, $1,700. I July 1. made the monthly payment to Bilbao Company. $1,200. July 6. Purchased additional repair supplies for the first half of the month, $3,452 acer c des chrome-extension://bpmcpldpdmajfigpchkicefoigmkfalc/views/app.html а Calibri 11 Β Ι Ο A. A July 15. Received cash repair revenue for...

  • The type of special journal used to record the receipt of cash from any source is:...

    The type of special journal used to record the receipt of cash from any source is: Select one: A. Revenue journal B. Cash receipt journal O C. Cash payment journal O D. Revenue Journal

  • Prepare general journal entries to record these transactions. (2pts each) Post the journal entries from to...

    Prepare general journal entries to record these transactions. (2pts each) Post the journal entries from to the ledger accounts (2pts ea) Prepare a trial balance (5pts) Prepare the 3 financial statements (15pts). Chapter 2: Practice Exercise #3: At the beginning of April, Vanessa Williams launched a custom computer solutions company called Softworks. The company had the following transactions during April. a) Vanessa Williams invested $155,000 cash, office equipment with a value of $5,100, and $78,000 of computer equipment in the...

  • instructions: Record these transactions in the general journal for Central Advertising Inc. Then post your journal...

    instructions: Record these transactions in the general journal for Central Advertising Inc. Then post your journal entries in the t-accounts provided and prepare a trial balance. You may want to refer to Part 1 of this project where you have already analyzed these transactions. 84 General Journal You invested $13,000 in exchange for common stock to start Central Advertising Date Account PR Debt Credit 84 Purchased 6 months of insurance for $1500 cash 87 Purchased $8,000 of office equipment by...

  • record journal entries for the following transactions 23) Record journal entries for the following transactions. a)...

    record journal entries for the following transactions 23) Record journal entries for the following transactions. a) Issued S8,000 of direct materials to production in the Carving Department. b) Manufacturing labor in the Carving Department amounted to $7,200. c) Allocate manufacturing labor to the appropriate accounts: 90% direct labor; 10% indirect labor. The pay rate for all direct labor is $20 per hour. d) Allocated manufactured overhead in the Carving Department at $15 direct labor per hour Transferred $8,000 of product...

  • II. Record the following transactions in the Journal and post them to the ledger. Gillian's gown's...

    II. Record the following transactions in the Journal and post them to the ledger. Gillian's gown's received an order for a silk gown from Malie Mills on June 1st June 1st: Factory requisitions 10 yards of silk from the factory. The silk costs $100 per yard Between June 1st and June 5th, the factory works on the gown: 20 hours of direct labor is charged at $40 per hour Manufacturing overhead is allocated to jobs based on direct labor hours....

  • Journal entry one is given. Journal entry 2 record the raw materials used in production, 189,000...

    Journal entry one is given. Journal entry 2 record the raw materials used in production, 189,000 (151,200 direct materials and 37,800 indirect materials). Journal entry 3 record the entry for accrued direct Labor costs incurred, 50,000; indirect Labor cost incurred, 22,000. Journal entry 4 depreciation recorded on factory equipment, 105,000. Journal entry 5 other manufacturing overhead costs accrued during October, 130,000. Journal entry 6 The company applies manufacturing overhead cost to production on the basis of 6$ per machine hour....

  • Activity 2.b - Record Transactions as Journal Entries Enter the following transactions as journal entries. Record...

    Activity 2.b - Record Transactions as Journal Entries Enter the following transactions as journal entries. Record debits first, then credits. Check your spelling carefully and do not abbreviate. Use account names exactly as they appear in the chart of accounts. Refer to the Chart of Accounts for account titles. Paid $6,000 cash on account. Date Accounts and Explanation Debit Credit Nov. 3 Accounts Payable Cash https://act.pearso Collected $6,000 cash for services rendered. Date Accounts and Explanation Debit Credit 4

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT