Special Journal: The special journal is the journal which is prepared according to the needs of the business. This is a journal which is used to record the transactions which occur the most in the business. Generally, these are cash receipts journal, cash payments journal, sales journal, and purchases journal. General Journal: A general journal records those entries which are not recorded in the special journal. The entries which are frequent in the business are recorded in the special journal. Rest of all the entries are recorded in the general journal like the closing entries, adjustment entries and the correction entries. To determine: Journal in which the transaction (a) is recorded.

Question

Want to see the full answer?

Answer 1

Question

Chapter 7, Problem 14Q

(a)

To determine

Special Journal: The special journal is the journal which is prepared according to the needs of the business. This is a journal which is used to record the transactions which occur the most in the business. Generally, these are cash receipts journal, cash payments journal, sales journal, and purchases journal.

General Journal: A general journal records those entries which are not recorded in the special journal. The entries which are frequent in the business are recorded in the special journal. Rest of all the entries are recorded in the general journal like the closing entries, adjustment entries and the correction entries.

To determine: Journal in which the transaction (a) is recorded.

(b)

To determine

Journal in which the transaction (b) is recorded.

(c)

To determine

Journal in which the transaction (c) is recorded.

(d)

To determine

Journal in which the transaction (d) is recorded.

(e)

To determine

Journal in which the transaction (e) is recorded.

(f)

To determine

Journal in which the transaction (f) is recorded.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Extruded elments had net income please solve this question

Need help with this question solution general accounting

Hello tutor please provide this question solution general accounting

Answer 2

Question

Chapter 7, Problem 14Q

(a)

To determine

Special Journal: The special journal is the journal which is prepared according to the needs of the business. This is a journal which is used to record the transactions which occur the most in the business. Generally, these are cash receipts journal, cash payments journal, sales journal, and purchases journal.

General Journal: A general journal records those entries which are not recorded in the special journal. The entries which are frequent in the business are recorded in the special journal. Rest of all the entries are recorded in the general journal like the closing entries, adjustment entries and the correction entries.

To determine: Journal in which the transaction (a) is recorded.

(b)

To determine

Journal in which the transaction (b) is recorded.

(c)

To determine

Journal in which the transaction (c) is recorded.

(d)

To determine

Journal in which the transaction (d) is recorded.

(e)

To determine

Journal in which the transaction (e) is recorded.

(f)

To determine

Journal in which the transaction (f) is recorded.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 7, Problem 14Q

(a)

To determine

Special Journal: The special journal is the journal which is prepared according to the needs of the business. This is a journal which is used to record the transactions which occur the most in the business. Generally, these are cash receipts journal, cash payments journal, sales journal, and purchases journal.

General Journal: A general journal records those entries which are not recorded in the special journal. The entries which are frequent in the business are recorded in the special journal. Rest of all the entries are recorded in the general journal like the closing entries, adjustment entries and the correction entries.

To determine: Journal in which the transaction (a) is recorded.

(b)

To determine

Journal in which the transaction (b) is recorded.

(c)

To determine

Journal in which the transaction (c) is recorded.

(d)

To determine

Journal in which the transaction (d) is recorded.

(e)

To determine

Journal in which the transaction (e) is recorded.

(f)

To determine

Journal in which the transaction (f) is recorded.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 7, Problem 14Q

(a)

To determine

Special Journal: The special journal is the journal which is prepared according to the needs of the business. This is a journal which is used to record the transactions which occur the most in the business. Generally, these are cash receipts journal, cash payments journal, sales journal, and purchases journal.

General Journal: A general journal records those entries which are not recorded in the special journal. The entries which are frequent in the business are recorded in the special journal. Rest of all the entries are recorded in the general journal like the closing entries, adjustment entries and the correction entries.

To determine: Journal in which the transaction (a) is recorded.

(b)

To determine

Journal in which the transaction (b) is recorded.

(c)

To determine

Journal in which the transaction (c) is recorded.

(d)

To determine

Journal in which the transaction (d) is recorded.

(e)

To determine

Journal in which the transaction (e) is recorded.

(f)

To determine

Journal in which the transaction (f) is recorded.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 7, Problem 14Q

(a)

To determine

Special Journal: The special journal is the journal which is prepared according to the needs of the business. This is a journal which is used to record the transactions which occur the most in the business. Generally, these are cash receipts journal, cash payments journal, sales journal, and purchases journal.

General Journal: A general journal records those entries which are not recorded in the special journal. The entries which are frequent in the business are recorded in the special journal. Rest of all the entries are recorded in the general journal like the closing entries, adjustment entries and the correction entries.

To determine: Journal in which the transaction (a) is recorded.

(b)

To determine

Journal in which the transaction (b) is recorded.

(c)

To determine

Journal in which the transaction (c) is recorded.

(d)

To determine

Journal in which the transaction (d) is recorded.

(e)

To determine

Journal in which the transaction (e) is recorded.

(f)

To determine

Journal in which the transaction (f) is recorded.

Answer 6

Chapter 7, Problem 14Q

(a)

To determine

Special Journal: The special journal is the journal which is prepared according to the needs of the business. This is a journal which is used to record the transactions which occur the most in the business. Generally, these are cash receipts journal, cash payments journal, sales journal, and purchases journal.

General Journal: A general journal records those entries which are not recorded in the special journal. The entries which are frequent in the business are recorded in the special journal. Rest of all the entries are recorded in the general journal like the closing entries, adjustment entries and the correction entries.

To determine: Journal in which the transaction (a) is recorded.

Answer 7

Chapter 7, Problem 14Q

(a)

To determine

Special Journal: The special journal is the journal which is prepared according to the needs of the business. This is a journal which is used to record the transactions which occur the most in the business. Generally, these are cash receipts journal, cash payments journal, sales journal, and purchases journal.

General Journal: A general journal records those entries which are not recorded in the special journal. The entries which are frequent in the business are recorded in the special journal. Rest of all the entries are recorded in the general journal like the closing entries, adjustment entries and the correction entries.

To determine: Journal in which the transaction (a) is recorded.

Answer 8

(b)

To determine

Journal in which the transaction (b) is recorded.

Answer 9

(b)

To determine

Journal in which the transaction (b) is recorded.

Answer 10

(c)

To determine

Journal in which the transaction (c) is recorded.

Answer 11

(c)

To determine

Journal in which the transaction (c) is recorded.

Answer 12

(d)

To determine

Journal in which the transaction (d) is recorded.

Answer 13

(d)

To determine

Journal in which the transaction (d) is recorded.

Answer 14

(e)

To determine

Journal in which the transaction (e) is recorded.

Answer 15

(e)

To determine

Journal in which the transaction (e) is recorded.

Answer 16

(f)

To determine

Journal in which the transaction (f) is recorded.

Answer 17

(f)

To determine

Journal in which the transaction (f) is recorded.

Answer 18

Expert Solution & Answer

Answer 19

Expert Solution & Answer

Answer 20

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 21

Ch. 7 - Prob. 1Q Ch. 7 - Prob. 2Q Ch. 7 - 3. What are common features of computerized...Ch. 7 - Prob. 4Q Ch. 7 - Prob. 5Q Ch. 7 - 6. (a) When do companies normally post to (1) the...Ch. 7 - 7. Identify and explain the four special journals...Ch. 7 - 8. Kensington Company uses special journals. It...Ch. 7 - Prob. 9Q Ch. 7 - 10. Why would special journals used in different...

Concept explainers

Videos

Journal in which the transaction (b) is recorded.

Journal in which the transaction (c) is recorded.

Journal in which the transaction (d) is recorded.

Journal in which the transaction (e) is recorded.

Journal in which the transaction (f) is recorded.

Want to see the full answer?

Chapter 7 Solutions