Question: 29. Select the correct answer to each situation. (a) A sales journal will be used for: Credit Sales Cash Sales Yes No Yes No Sales

29. Select the correct answer to each situation. (a) A sales journal will be used for: Credit Sales Cash Sales Yes No Yes No Sales Discounts Yes No (b) A single-column purchases journal will be used for: Cash Purchases Yes No Purchases on Account Yes No Purchase Returns and Allowances Yes No (c) A multiple-column purchases journal will be used for: Supplies Purchased Cash Purchases on Account Yes No Yes No Equipment Purchases on Account Yes No (d) A cash payments journal will be used for: Payments to Purchases Creditors Discounts Yes No Yes Payment of Dividends Yes No No (e) A cash receipts journal will be used for: Sale of Stock Purchases Discounts Yes No Yes Cash Sales No No Yes

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