Following are a list of source documents and a list of transactions. Indicate by letter next to each transaction the source document that would serve as evidence for the recording of the transaction. Source Documents

a. Purchase invoice

b. Sales invoice

c. Cash register tape

d. Time cards e. Promissory note

f. Stock certificates

g. Monthly statement from utility company

h. No standard source document would normally be available. Transactions

_____________1. Utilities expense for the month is recorded.

_____________2. A cash settlement is received from a pending lawsuit.

_____________3. Owners contribute cash to start a new corporation.

_____________4. The biweekly payroll is paid.

_____________5. Services are provided In exchange for cash.

_____________6. Equipment is acquired on a 30-day open account.

_____________7. Service Is provided to a customer.

_____________8. A building is acquired by signing an agreement to repay a stated amount plus interest in six months.

Answer rating: 100% (QA)

Source document It is a document that records the basic data of transaction such as date purpose and amount when a business transaction occurs Utiliti... View the full answer