A customer just charged $150 of merchandise on the companys own charge card. Which specia journal would
Question:
A customer just charged $150 of merchandise on the company’s own charge card. Which specia journal would the company use to record this transaction?
A. Sales journal
B. Purchases journal
C. Cash receipts journal
D. Cash disbursements journal
E. General journal
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
Step 1 To determine Introduction Journals Journals are prepared to record business tr...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
Question Posted:
Students also viewed these Business questions
-
A customer just charged $150 of merchandise using MasterCard. Which special journal would the company use to record this transaction? A. Sales journal B. Purchases journal C. Cash receipts journal D....
-
How to record this transaction in General Journal and General Ledger? 1. Received the bank debit memo, $400. 2. Received the bank debit memo. Called the manager of the community service group, and...
-
The cash receipts journal of Silver Plastics follows. Silver s general ledger includes the following selected accounts, along with their account numbers: Indicate whether each posting reference (a)...
-
Differentiate between formal and behavioral roles, and describe how behavioral roles emerge during group interaction.
-
Describe the preliminary steps a manager should take before making the decision to fire an employee.
-
What is the difference between an international licensing agreement and an international joint venture?
-
Distribution of Blocked Shots in the NBA The variable Blocks in the dataset NBAPlayers 2015 includes information on the number of blocked shots during the season for each of the 182 players in the...
-
Maple Leaf Production manufactures truck tires. The following information is available for the last operating period. Maple Leaf produced and sold 92,000 tires for $40 each. Budgeted production was...
-
1. Advocate Aurora Sheboygan Memorial Hospital health care product or service to be marketed in your community. 2. Conduct appropriate market research in your community to determine the demographics...
-
David A. Vise, a Pulitzer Prize winner and a reporter for the Washington Post, wrote the book The Bureau and the Mole. When the book hit the market, Mr. Vise purchased 20,000 copies via Barnes &...
-
What is a schedule of accounts receivable?
-
How often do we post the cash column in the cash receipts journal to the subsidiary ledger?
-
Find the area of the region bounded by the curves y = 1/ (2 + x), y = 1/ (2 x), and x = 1.
-
Marathon Running Shoes reports the following: Journalize all entries required for Marathon Running Shoes. 2024 Sep. 1 15 30 Recorded National Express credit card sales of $96,000, net of processor...
-
The aim of marketing must be to make selling superfluous. Discuss.
-
Under what circumstances might air freight be cheaper than surface transport?
-
The petty cash fund had an initial imprest balance of $100. It currently has $20 and petty cash tickets totaling $75 for office supplies. The entry to replenish the fund would contain a. a credit to...
-
Mary Brown Cookies income statement appears as follows (amounts in thousands): Use the following ratio data to complete Mary Brown Cookies income statement: a. Inventory turnover is 4.0 (beginning...
-
What is the purpose of vendor certification? Describe typical phases of certification.
-
Find i 0 (t) for t > 0 in the circuit in Fig. 16.72 . 2 + Vo 1 7.5e-2t u(t) V ( +) 4.5[1 u(t)]V 0.5v. 1H
-
For each independent situation below, calculate the missing values for Owners Equity. Beginning Balance + Investments - Distributions = Ending Balance $ 0 $ 14,333 ? 11,107 ? 47,439 110,439 39,533 ?...
-
Each situation below relates to an independent companys Owners Equity. A. Calculate the missing values. B. Based on your calculations, make observations about each company. Co.1 Co.2 Co.3 Beginning...
-
For each of the following ten independent transactions, provide a written description of what occurred in each transaction. Figure 2.4 might help you. Data from in Figure 2-4 1 234567890 10 Cash...
-
Tamarisk Corporation had the following activities in 2020. 1 Sale of land $195,000 4. Purchase of equipment $446,000 2 Purchase of inventory $760,000 5. Issuance of common stock $302,000 3. Purchase...
-
Assuming 100% dissociation, calculate the freezing point (T) and boiling point (Tb) of 1.81 m CaCl, (aq). Colligative constants can be found in the chempendix. T = T = Incorrect Incorrect C C
-
Below are departmental income statements for a guitar manufacturer. The company classifies advertising, rent, and utilities as indirect expenses. The manufacturer is considering eliminating its...
Study smarter with the SolutionInn App