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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A. Classify the transactions in the box to the appropriate journal where it will be recorded.
(Please refer to the picture.)
Transcribed Image Text:I.
TOPIC: ACCOUNTING BOOKS-Journal and Ledgers
III. Direction:
A. Classify the transactions in the box to the appropriate journal where it will be recorded.
Cash sales
Payments for merchandise purchased on account
Collection from receivable
Deliveries made to customers on account
Payment of utilities
Puurchases made on account
lrntterest income received
limiterest expense paid
Cash dirawings of owners
Payment for requisition of equipment
Depreciation expense
Amortization expense
Cash contrïbutions from owners
Principal payments for bank loans
Accrual of unpaid utility bills
Accrual of unpaid salaries
SALES JOURNAL
PURCHASES JOURNAL
CASH RECEIPT JOURNAL
CASH DISBURSEMENT JOURNA
SALES JOURNAL
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