Homework Answers
Special journals are : Cash disbursements journal, cash receipts journal, payroll journal, purchases journal, and sales journal.
Thus the answer is e) General journal
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which of the following is not a special journal
Which of the following is not a...
21. Which of the following is not a special journal? A) Sales journal B) Purchases journal...
21. Which of the following is not a special journal? A) Sales journal B) Purchases journal C) General journal D) Cash receipts journal 22. All of the column totals in the cash receipts journal are posted to general ledger accounts except the A) Accounts Receivable column total. B) Cash column total. C) Sales column total. D) Other Accounts column total. 23. The entries in a sales journal will show A) all sales of merchandise. B) the cash sales of the...
Which of the following is not a special journal? a. purchases journal b. accounts receivable journal...
Which of the following is not a special journal? a. purchases journal b. accounts receivable journal c. cash receipts journal d. cash payments journal
Multiple Choice Question 66 A company uses a sales journal, cash receipts journal, purchases journal, cash...
Multiple Choice Question 66 A company uses a sales journal, cash receipts journal, purchases journal, cash payments journal, and a general journal. A cash sales return would be recorded in the general journal. O sales journal. O cash receipts journal. O cash payments journal. -
an accounting information system. 4. What is a special journal? 5. What is the purpose of a subsidiary ledger? 6...
an accounting information system. 4. What is a special journal? 5. What is the purpose of a subsidiary ledger? 6. What is a control account? 7. List the four special journals often used in a manual accounting information system. What types of transactions are recorded in each of the special journals? 8. Explain the posting process of the sales journal. 9. Provide some examples of transactions that would be recorded in the Other Accounts CR column of the cash receipts...
Indicate the journal in which each of the following transactions should be recorded. Assume a three-column purchases jou...
Indicate the journal in which each of the following transactions should be recorded. Assume a three-column purchases journal. Paid a creditor on account. Cash Payments Bought merchandise on account. Sales Sold merchandise for cash. Cash Receipts Adjusted for insurance expired. General Journal Received payment on account from a charge customer. Cash Receipts Received a credit memo for merchandise returned. General Journal Bought equipment on credit. General Journal Sold merchandise on account. Cash Receipts Recorded a customer's NSF check. General Journal...
Sheridan Company uses both special journals and a general journal as described in this chapter. On...
Sheridan Company uses both special journals and a general journal as described in this chapter. On June 30, after all monthly postings had been completed, the Accounts Receivable control account in the general ledger had a debit balance of $297,400; the Accounts Payable control account had a credit balance of $76,900. The July transactions recorded in the special journals are summarized below. No entries affecting accounts receivable and accounts payable were recorded in the general journal for July. Sales journal...
Refer to Exercise 7-1 and for each of the May transactions identify the journal in which...
Refer to Exercise 7-1 and for each of the May transactions identify the journal in which it would be recorded. Assume the company uses a sales journal, purchases journal, cash receipts journal, cash disbursements journal, and general journal as illustrated in this chapter. 7-1 Finer Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of May. Prepare headings for a sales journal...
Sale journal general journal purchase journal cash payment journal cash receipt journal Wilcox Electronics uses a...
Sale journal
general journal
purchase journal
cash payment journal
cash receipt journal
Wilcox Electronics uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Identify the journal in which each transaction should be recorded. Transaction Journal a. Borrowed cash from the bank b. Purchased shop supplies on credit c. Purchased merchandise for cash d. Sold a building (nonmerchandise) on credit Sold merchandise on credit f. Sold merchandise for cash g. Paid cash for office supplies...
Use the following choices to answer questions a. Sales journal b. Cash receipts journal c. Purchase...
Use the following choices to answer questions a. Sales journal b. Cash receipts journal c. Purchase Journal - Ty You may use a choice more than once. d. Cash payments journal e. General journal Cash paid for Rent 12 Closing entres 43 Cash sale 71 Furchase of merchandise on account, term 2/10, n/30
36. Input devices include: A. Bar-code readers. B. Printers. C. Software. D. Ledgers. E. Information processors....
36. Input devices include: A. Bar-code readers. B. Printers. C. Software. D. Ledgers. E. Information processors. 37. Information storage: A. Eliminates the need for professional judgment. B. Keeps data in a form accessible to information processors. C. Provides the basic information processed by an accounting D. Captures information from source documents. E. Cannot be online. 38. Which of the following is not a special journal: A. Sales journal. B. Purchases journal. C. Cash receipts journal. D. Cash disbursements journal. E....
21. Which of the following is not a special journal? A) Sales journal B) Purchases journal C) General journal D) Cash receipts journal 22. All of the column totals in the cash receipts journal are posted to general ledger accounts except the A) Accounts Receivable column total. B) Cash column total. C) Sales column total. D) Other Accounts column total. 23. The entries in a sales journal will show A) all sales of merchandise. B) the cash sales of the...
Multiple Choice Question 66 A company uses a sales journal, cash receipts journal, purchases journal, cash payments journal, and a general journal. A cash sales return would be recorded in the general journal. O sales journal. O cash receipts journal. O cash payments journal. -
an accounting information system. 4. What is a special journal? 5. What is the purpose of a subsidiary ledger? 6. What is a control account? 7. List the four special journals often used in a manual accounting information system. What types of transactions are recorded in each of the special journals? 8. Explain the posting process of the sales journal. 9. Provide some examples of transactions that would be recorded in the Other Accounts CR column of the cash receipts...
Sheridan Company uses both special journals and a general journal as described in this chapter. On June 30, after all monthly postings had been completed, the Accounts Receivable control account in the general ledger had a debit balance of $297,400; the Accounts Payable control account had a credit balance of $76,900. The July transactions recorded in the special journals are summarized below. No entries affecting accounts receivable and accounts payable were recorded in the general journal for July. Sales journal...
Refer to Exercise 7-1 and for each of the May transactions identify the journal in which it would be recorded. Assume the company uses a sales journal, purchases journal, cash receipts journal, cash disbursements journal, and general journal as illustrated in this chapter. 7-1 Finer Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of May. Prepare headings for a sales journal...
Sale journal
general journal
purchase journal
cash payment journal
cash receipt journal
Wilcox Electronics uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Identify the journal in which each transaction should be recorded. Transaction Journal a. Borrowed cash from the bank b. Purchased shop supplies on credit c. Purchased merchandise for cash d. Sold a building (nonmerchandise) on credit Sold merchandise on credit f. Sold merchandise for cash g. Paid cash for office supplies...
Use the following choices to answer questions a. Sales journal b. Cash receipts journal c. Purchase Journal - Ty You may use a choice more than once. d. Cash payments journal e. General journal Cash paid for Rent 12 Closing entres 43 Cash sale 71 Furchase of merchandise on account, term 2/10, n/30
36. Input devices include: A. Bar-code readers. B. Printers. C. Software. D. Ledgers. E. Information processors. 37. Information storage: A. Eliminates the need for professional judgment. B. Keeps data in a form accessible to information processors. C. Provides the basic information processed by an accounting D. Captures information from source documents. E. Cannot be online. 38. Which of the following is not a special journal: A. Sales journal. B. Purchases journal. C. Cash receipts journal. D. Cash disbursements journal. E....
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