Write the type of journal to be used for each of the following transactions: (general journal, sales journal, purchase journal cash receipts journal, cash disbursement journal) 1. Purchase of merchandise on account 2. Payment of accounts payable 3. Collection of account receivable 4. Sales on account 5. Cash investment made by the owner 6. Payment of utility expense 7. Recording depreciation expense for the year 8. Withdrawal of cash by the owner 9. Cash sales 10. Cash purchases
Write the type of journal to be used for each of the following transactions: (general journal, sales journal, purchase journal cash receipts journal, cash disbursement journal) 1. Purchase of merchandise on account 2. Payment of accounts payable 3. Collection of account receivable 4. Sales on account 5. Cash investment made by the owner 6. Payment of utility expense 7. Recording depreciation expense for the year 8. Withdrawal of cash by the owner 9. Cash sales 10. Cash purchases
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Write the type of journal to be used for each of the following transactions: (general journal, sales journal, purchase journal cash receipts journal, cash disbursement journal)
1. Purchase of merchandise on account
2. Payment of accounts payable
3. Collection of
4. Sales on account
5. Cash investment made by the owner
6. Payment of utility expense
7. Recording
8. Withdrawal of cash by the owner
9. Cash sales
10. Cash purchases
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