Business, 15.04.2020 02:54 binkyv15

Identify Journals Assuming the use of a two-column (all-purpose) general journal, a purchases journal, and a cash payments journal, indicate the journal in which each of the following transactions should be recorded: Pick the correct journal from the list. a. Payment of six months’ rent in advance. b. Purchase of an office computer on account. c. Purchase of office supplies on account. d. Adjustment to record depreciation at the end of the month. e. Adjustment to record accrued salaries at the end of the period. f. Purchase of services on account. g. Adjustment to prepaid rent at the end of the month. h. Purchase of office equipment for cash. i. Adjustment to prepaid insurance at the end of the month. j. Purchase of office supplies for cash. k. Advance payment of a one-year fire insurance policy on the office.

Answers: 3

Show answers

Answers

Answer from: Tcutety

Explanation:

A. Payment of six months’ rent in advance : Cash Payments Journal

Explain: Cash Payment Journal is a special journal used to record all transactions on a cash basis.

B. Purchase of an office computer on account: Purchase Journal

Explain: Purchase Journal is a special journal used to record transactions on credit basis

C. Purchase of office supplies on account: Purchase Journal

Explain: Purchase Journal is a special journal use to record transactions on credit basis.

D. Adjustment to record depreciation at the end of the month: General Journal

Explain: General Journal is used to record all types of entries including adjusting entries.

E. Adjustment to record accrued salaries at the end of the period: General Journal

Explain: General Journal is used to record all types of entries including.

F. Purchase of services on account: Purchase Journal

Explain: Purchase Journal is a special journal use to record transactions on credit basis.

G. Adjustment to prepaid rent at the end of the month: General Journal

Explain: General Journal is used to record all types of entries including.

H. Purchase of office equipment for cash: Cash Payments Journal

Explain: Cash Payment Journal is a special journal used to record all transactions on a cash basis.

I. Adjustment to prepaid insurance at the end of the month: General Journal

Explain: General Journal is used to record all types of entries including.

J. Purchase of office supplies for cash: Cash Payments Journal

Explain: Cash Payment Journal is a special journal used to record all transactions on a cash basis.

K. Advance payment of a one-year fire insurance policy on the office: Cash Payments Journal

Explain: Cash Payment Journal is a special journal used to record all transactions on a cash basis.

Answer from: Quest

b is your answer toy your queston

explanation:

Answer from: Quest

; djf; as

Another question on Business

Business, 21.06.2019 16:50

New team of management has taken over. as a result, organizational changes from a country-club style leadership where everyone does whatever they want has changed to a more mechanistic, structured, top-down management style. what ethical issues should the employees consider and how should they go about addressing these?

Answers: 2

Answer

Business, 21.06.2019 19:20

Astock with a beta of 0.6 has an expected rate of return of 13%. if the market return this year turns out to be 10 percentage points below expectations, what is your best guess as to the rate of return on the stock? (do not round intermediate calculations. enter your answer as a percent rounded to 1 decimal place.)

Answers: 2

Answer

Business, 22.06.2019 10:10

At the end of year 2, retained earnings for the baker company was $3,550. revenue earned by the company in year 2 was $3,800, expenses paid during the period were $2,000, and dividends paid during the period were $1,400. based on this information alone, retained earnings at the beginning of year 2 was:

Answers: 1

Answer

Business, 22.06.2019 13:40

Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?

Answers: 1

Answer

You know the right answer?

Identify Journals Assuming the use of a two-column (all-purpose) general journal, a purchases journa...

Questions