A. Classify the transactions in the box to the appropriate journal where it will be recorded.(Please refer to the picture.) I.TOPIC: ACCOUNTING BOOKS-Journal and LedgersIII. Direction:A. Classify the transactions in the box to the appropriate journal where it will be recorded.Cash salesPayments for merchandise purchased on accountCollection from receivableDeliveries made to customers on accountPayment of utilitiesPuurchases made on accountlrntterest income receivedlimiterest expense paidCash dirawings of ownersPayment for requisition of equipmentDepreciation expenseAmortization expenseCash contrïbutions from ownersPrincipal payments for bank loansAccrual of unpaid utility billsAccrual of unpaid salariesSALES JOURNALPURCHASES JOURNALCASH RECEIPT JOURNALCASH DISBURSEMENT JOURNASALES JOURNAL

Cash journal includes the entries that involve cash as payment or receipt.

A. Classify the transactions in the box to the appropriate journal wnere it Cash sales Paryments for merchandise purchased on account Collection from receivable Deliveries made to customers on account Payment of utilities Purchases made on account lraterest income received lmiterest expense paid Carh dirawings of oWNners Payment for requisition of equipment

A. Classify the transactions in the box to the appropriate journal wnere it Cash sales Paryments for merchandise purchased on account Collection from receivable Deliveries made to customers on account Payment of utilities Purchases made on account lraterest income received lmiterest expense paid Carh dirawings of oWNners Payment for requisition of equipment

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

What is the process of recording a transaction in the journal called? Group of answer choices journalizing posting charting ledgering
Which of the following items is considered an original source document? Select one: a. accounts receivable b. company expense account c. purchase order d. general ledger
Which of these processes leads to the preparation of Journal? O a. Classifying O b. Recording O c. Communication O d. Summarizing
What is the purpose of a journal? What is the purpose of a general ledger?
What is journal proper? State what are the entries used to record it?
What would the general journals (adjusting/closing/revising) look like?What about the general ledger?
What is ledger account? Explain using illustrations.
How do you know if a journal is reputable?
What notations are entered into the Posting Reference column of a ledger account?