A purchase of supplies on account is recorded in the ? Please explain with full explanation. a. revenue journal b. general journal c. purchases journal d. cash payments journal

Q: Which of these transactions requires a debit entry to Cash?A. paid balance due to suppliersB. sold…

A: Cash is one of the asset held by the business, for which normal balance is debit balance. Any…

Q: The general journal records the daily transactions of a business pertaining to: a. Purchases…

A: A general journal is a form of accounting entry that is used to report a business transaction in a…

Q: record the following transactions in their corresponding journals it could be in: -sales journal…

A: An accounting cycle refers to the different stages in the preparation of the final accounts. Final…

Q: Record the sale of equipment. Note: Enter debits before credits. Transaction General Journal Debit…

A: Depreciation means the wear and tear by usage of assets or passage of time.

Q: Finer Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal,…

A: Special Journals are used by the accountants to record the journal entries into the specific…

Q: The journal entry to record the purchase of supplies on accounta. credits Supplies and debits…

A: Journal entries Journal entries are the transactions that are recorded in the primary book. They are…

Q: Match the following types of journal transactions with the journal in which they would be entered.…

A: Journal: Recording of a business transactions in a chronological order.

Q: Entries in the purchases journal are posted to the a. general ledger only. b. accounts payable…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Which of the following is recorded in the cash receipts journal?

A: Answer:   Option C

Q: Identify the correct journal entry when cash is received from customers - periodic inventory system…

A:

Q: If a journal entry includes a debit or credit to the Cash account, it is most likely which of the…

A: Answer:  If a journal entry includes a debit or credit to the Cash account, it is most likely an…

Q: Fiona sporty uses to purchases journal a cash payment journal ,a sale journal and a general journal…

A: Journal entry: Journal entry is a set of economic events that can be measured in monetary terms.…

Q: Identify the entry below that records the purchase of office supplies on account. debit Office…

A: Office supplies refers to small items used by office of a company such as staples, paper, files etc.…

Q: Identify the journal in which each of the following transactions is recorded. Transactions Journals…

A: Every journal entry we record in journals. There are types of journals like -  Cash payments journal…

Q: 1) Fiona Sporty uses a purchases journal, a cash payments journal, a sales journal, a cash receipts…

A: Journal entry: Journal entry is a set of economic events that can be measured in monetary terms.…

Q: Recording Transactions in the Proper Journal Select the journal (sales, cash receipts, purchases,…

A: The answer for the question on recording transactions in proper Journal is presented hereunder :

Q: When using a manual accounting information system, which of the following transactions would be…

A:

Q: Sale of goods for cash would be recorded in the _______________ Select one: A. purchase journal B.…

A: Correct option is D i.e. cash receipts journal

Q: 3. When purchasing merchandise for resale on account, record the transaction in the sales journal.…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Indicate the journal in which each of the following transactions should be recorded. Assume a…

A: Journal entry refers to the recording of transactions in the book of accounts in a double-entry…

Q: Smith's General Store purchased Supplies on account. Which columns in the Purchases Journal will Mr.…

A: Solution: Mr. Smith will use "The Accounts Payable column and the Purchases column" to record…

Q: Record the following purchase transactions of Money Office Supplies.

A: Journal:   Journal is the book of original entry. Journal consists of the day today financial…

Q: Assuming the use of a two-column general journal,  a purchases journal, and a cash payments journal…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: A purchases journal is used to record: O a. purchases of merchandise on account for resale. O b.…

A: Journal: It is often defined as a primary accounting book that is used by the business to record all…

Q: Fiona Sportyuses a purchases journal, a cash payments journal, a sales journal, a cash receipts…

A: Cash payment journal, cash receipt journal, sales journal and purchase journal are special journal…

Q: For each transaction, indicate whether it would normally be recorded in a cash receipts journal,…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: If a two-column (all-purpose) general journal, a revenue journal, and a cash receipts journal are…

A: There are various ledgers in a book which help in recording transactions of various nature, such…

Q: A cash sale is recorded in the: A sales journal B purchase journal c) cash receipts journal D cash…

A: Cash book is maintained by the firms to record all the cash transactions. These may be cash sales,…

Q: Identify the journal (general, sales, purchases, cash receipts or cash payments journal) in which…

A: 1. The all cash receipt are recorded in cash receipts journal 2. The all cash payment are recorded…

Q: dentify the journal in which each of the following transactions is recorded.     Transactions…

A: Sales journal: Sales journal records only transactions related to credit sales. Cash receipts…

Q: What does the phrase "Revenue is recognized at the point of sale" mean? (Assume the company reports…

A: Accrual Basis of Accounting: The accrual basis of accounting is a method of accounting where the…

Q: The book in which all accounts are maintained is known as:(i) Cash Book(ii) Journal(iii) Purchases…

A: Transaction: In business, a financial transaction is an agreement between the buyer and the seller…

Q: Identify the correct journal entry when cash is received from customers - periodic inventory system…

A: Customers are accounts receivables which are decreased and cash is increased.

Q: The type of transaction that would appear in sales journal would be a sale of

A: Sales Journal is a daybook to record the sales on credit to customers

Q: Which of the following transactions will be recorded in cash payment journal? a. Receipt of income…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: Identifying special journals Use the following abbreviations to indicate the journal in which you…

A: Special Journal: It is a book where only specific type of monetary transactions such as cash…

Q: Which of the following items would be recorded in the purchases journal? A. supplies purchased on…

A: Purchase journal is the journal specifically to record purchase transactions. It shows all the…

Q: Cash payments journal Sale on account General journal Collection on account Purchases journal…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: Exercise 2: Enter P for Purchases journal, S for Sales journal, CR for Cash Receipts journal, CD for…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: Calculator Cash was paid by Janer's Cleaning Service to creditors on account. Which of the following…

A: For payment of creditors on account,  Accounts payable should be debited and cash will be credited.

Q: A. Classify the transactions in the box to the appropriate journal wnere it Cash sales Paryments for…

A: Cash journal includes the entries that involve cash as payment or receipt.