Identify the journal (sales, cash receipts, purchases, cash payments, or general) in which each of the following

Question:

Identify the journal (sales, cash receipts, purchases, cash payments, or general) in which each of the following transactions should be recorded:

(a) Sold merchandise on account.

(b) Purchased delivery truck on account for use in the business.

(d) Purchased merchandise on account.

(e) Issued check in payment of electric bill.

(f) Recorded depreciation on factory building.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

See More Books

Question Posted: Dec 21, 2011 09:34 AM

See More Questions

Identify the accounts in which each of the following transactions for Oak Leaf Furniture, a custom manufacturer of oak tables and chairs, would be debited and credited: 1. Issued oak materials into...
Identify the journal in which each of the following transactions is recorded. 1. Cash sales 2. Owner withdrawal of cash 3. Cash purchase of land 4. Credit sales 5. Purchase of merchandise on account...
Identify the accounts in which each of the following transactions for Acorn Furniture, a custom manufacturer of oak tables and chairs, would be debited and credited: 1. Issued oak materials into...
Identify the implied strategies that correspond with the Department of Veterans Affairs Healthcare System High Matrix Score on SWOT quadran that they might look like at your HSO. Also explain why...
Brinkley Company, which began operations on January 3, 2017, had the following transactions and events in its long-term investments. 2017 Jan. 5 Brinkley purchased 20,000 shares (25% of total) of...
1. Discuss the different strategies associated with incremental change and radical change. Provide one example where incremental change is a better solution and one example where radical change...
A moving particle carrying charge $e$ traveling to the right at $2.5 \times 10^{7} \mathrm{~m} / \mathrm{s}$ initially feels no magnetic force. When a long current-carrying wire is placed...
McClain Plastics has been an audit client of Belcor, Rich, Smith & Barnes, CPAs (BRS&B), for several years. McClain Plastics was started by Evers McClain, who owns 51% of the companys stock. The...
Sub Saharan Africa: Be able to find Angola, Benin, Burundi, Burkina Faso, Chad, Cameroon, Democratic Republic of the Congo, Eritrea, Ethiopia, The Gambia, Ghana, Ivory Coast, Kenya, Madagascar, Mali,...
It was when Rajnish Raizada chose to overlook the cosy charms of a government job and launch himself to the rough and tumble ot entrepreneurship that he turned to his best friend's father, Surajit...
What steps are followed in posting from the cash payments journal to the accounts payable ledger?
Enter the following transactions in a sales journal. Use a 6% sales tax rate. May 1 Sold merchandise on account to J. Adams, $2,000, plus sales tax. Sale No 488. 4 Sold merchandise on account to B....
Alibaba has developed a cloud-based model known as ET Brain alibabacloud.com/et. The logic is that today and in the near future, we are and will be doing business in the cloud computing environment....
The Jenson purchased a line of new vehicles for $700,000. The vehicles are estimated to have a 5-year useful life and a $70,000 salvage value. The company uses the double-declining-balance method of...
Is it really that difficult to communicate with someone of another gender, or do we just believe it's difficult because we've always been told it is? What is your take on this?
1. Explain EACH of the four basic elements necessary to the formation of a valid contract? What they are and definition 2. The Statute of Frauds requires certain types of contracts to be in writing...
Ramesh Singh is an accountant providing tax and accounting services as a sole proprietor. He meets all of his clients in his office in the basement of his home. 900 square feet is considered to be...
The Statute of Frauds requires certain types of contracts to be in writing to be enforceable. Explain all of the types of contracts. what they are and the definition, how do they work?
What two roles do all factor payments play?
1-Stern observed all of the following results EXCEPT _______ in his experiment. A-one of the recombinant phenotypes was associated with an X chromosome of normal length B-the number of car, B+ male...
For which a does converge? 00 h=2 1 na Inn
The chart of accounts for Angels Delivery Service of Flin Flon is as follows: Angels Delivery Service completed the following transactions during the month of March 2013: A. Alice Angel invested...
Bill OBrien decided to open a delivery service in Charlottetown. Record the following transactions in the transaction analysis charts: A. Bill invested $2,500 in the delivery service from his...
Bernie Pillows established a new consulting company in Fairview. Record the following transactions for Bernie in T account form. Label each entry with the letter of the transaction. A. Bernie...
The bonds of Venture Ltd . has 8 years remaining to maturity. Its annual coupon rate is 6 % with a face value of $ 1 , 0 0 0 . The prevailing market interest rate is 8 % . The interest is paid semi -...
Convert the following C functions into ARMv8 assembly language. Again, comment each line of assembly code on what it does. Note that local variables should be kept in function's stack frame. 1)...
What are the four main types of financial services?Which type of financial services will help you accomplish your short, intermediate, and long-term goals?For example, I use savings financial...

Identify the journal (sales, cash receipts, purchases, cash payments, or general) in which each of the following

Question:

Step by Step Answer:

Journal a Sold merchandise on account Sales b Purchased delivery t...View the full answer

College Accounting

Students also viewed these Accounting questions