Match the correct journal book for each of the transactions. Activity 1. A. Cash Receipts Journal B. Cash Disbursement Journal C. Purchase Journal D. Sales Journal E. General Journal _1. Owner's cash investment _2. On account Sales _3. Payment of electric bill _4.Purchase of office supplies on account 5. Sold old office equipment on account _6. Sold inventory on account _7. Received but did not pay phone bill _8. Received proceeds of borrowed money from the bank _9. Returned goods from cash sales _10. Down payment made on purchase of merchandise. _11. A customer who bought merchandise on account returned the some defective items he receive. _12. The company issued check in payment of the merchandise purchased. _13. Received a check payment from a customer. _14. The company returned damaged goods purchased in cash from its supplier. _15. Owner invested her personal car in the business.

Match the correct journal book for each of the transactions. Activity 1. A. Cash Receipts Journal B. Cash Disbursement Journal C. Purchase Journal D. Sales Journal E. General Journal _1. Owner's cash investment _2. On account Sales _3. Payment of electric bill _4.Purchase of office supplies on account 5. Sold old office equipment on account _6. Sold inventory on account _7. Received but did not pay phone bill _8. Received proceeds of borrowed money from the bank _9. Returned goods from cash sales _10. Down payment made on purchase of merchandise. _11. A customer who bought merchandise on account returned the some defective items he receive. _12. The company issued check in payment of the merchandise purchased. _13. Received a check payment from a customer. _14. The company returned damaged goods purchased in cash from its supplier. _15. Owner invested her personal car in the business.

Name: Match the correct journal book for each of the transactions.Activity
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Description: Match the correct journal book for each of the transactions.Activity 1.A. Cash Receipts JournalB. Cash Disbursement JournalC. Purchase JournalD. Sales JournalE. General Journal_1. Owner's cash investment_2. On account Sales3. Payment of electric bil

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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Using the five journals as named here: • Sales, Purchases, Cash Receipts, Cash Disbursements, and General Using the following as possible column header titles (for vendors use "Ref." and for customers use "Acct. No."): • Date, Account, Acct. No., Check No., Purchase Order No., Sales Invoice No., Ref. or None And using the accounts listed below, record journal entries for the following transactions, which uses the perpetual inventory system: Accounts Payable Merchandise Inventory Sales Асcounts Purchases Sales Discounts Receivable Sales Returns and Cash Purchase Discounts Allowances Purchase Returns and Cost of Goods Sold Sales Tax Payable Allowances PLEASE NOTE: You must enter the journal names, header titles, and account names exactly as written above (or in the transactions below) and all dollar amounts will be with "$" and commas as needed (i.e. $12,345). If no dollar amount is needed, please use "$0" or if no information is provided, please use "None" - no quotation marks. • On…
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Do a JOURNAL ENTRY. Make sure they BALANCE Debit = Credit. Write it on word or excel. Thanks. please journalise all related transaction which is required for entry
32) he correcting errors, adjusting and closing entries of the business are recorded in the form of ____________________. a. Purchases daybook b. Petty cash book c. General journal d. Cash payments book
Using the five journals as named here: • Sales, Purchases, Cash Receipts, Cash Disbursements, and General Using the following as possible column header titles (for vendors use "Ref." and for customers use "Acct. No."): • Date, Account, Acct. No., Check No., Purchase Order No., Sales Invoice No., or Ref. And using the accounts listed below, complete the journal headings and record the journal entries for the following transactions, which uses the perpetual inventory system: Accounts Payable Merchandise Inventory Sales Accounts Purchases Sales Discounts Receivable Sales Returns and Cash Purchase Discounts Allowances Cost of Goods Purchase Returns and Sales Tax Payable Sold Allowances PLEASE NOTE: You must enter the journal names, header titles, and account names exactly as written above (or in the transactions below) and all dollar amounts will be with "$" and commas as needed (i.e. $12,345). If no dollar amount is needed, please use "$0" or if no information is provided, please use…
Analyze each transaction and match it with the correct journal entry as stated. Be sure to look at each transaction carefully to ensure you make the correct choice. Purchase on account some office equipment Paid for utilities expense Paid the bank back the money previously borrowed on a note Paid the telephone bill received Made a partial payment to a creditor on account Took cash out of the business to pay for a personal bill Record revenues earned, but not collected yet Record internet expenses incurred, but not paid yet Received cash for the return of some equipment that was defective Received Payment from customer on an accounts receivable Made payment to an accounts payable Paid salary for office administrator Dr. Office Equipment; Cr. Acc Dr. Utilities Expense; Cr. Casl Dr. Accounts Payable; Cr. Cas Dr. Telephone Expense; Cr. C✓ Dr. Cash; Cr. Account Receivi Dr. Accounts Payable; Cr. Ca: ✓ Dr. Internet Expense; Cr. Acc Dr. Internet Expense; Cr. Acc Dr. Cash; Cr. Account Receiv:…
Using the five journals as named here: • Sales, Purchases, Cash Receipts, Cash Disbursements, and General Using the following as possible column header titles (for vendors use "Ref." and for customers use "Acct. No."): Date, Account, Acct. No., Check No., Purchase Order No., Sales Invoice No., Ref. or None And using the accounts listed below, record journal entries for the following transactions, which uses the perpetual inventory system: Accounts Payable Merchandise Inventory Sales Accounts Purchases Sales Discounts Receivable Sales Returns and Cash Purchase Discounts Allowances Purchase Returns and Cost of Goods Sold Sales Tax Payable Allowances PLEASE NOTE: You must enter the journal names, header titles, and account names exactly as written above (or in the transactions below) and all dollar amounts will be with "$" and commas as needed (i.e. $12,345). If no dollar amount is needed, please use "$0" or if no information is provided, please use "None" - no quotation marks. • On Jun.…
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Credits to customer accounts and credits to Other Accounts are individually posted from a cash receipts journal such as the one in Exhibit. Why not put both types of credits in the same column and save journal space?