1. The column in the cash receipts journal that will always be debited isA. cash columnB. sales discount columnC. sundry amount columnD. sales column2. Each time an entry is recorded in the purchases journal, the credit would be entered in theA. purchase columnB. accounts payable columnC. accounts receivable columnD. none of the above3. Infrequent sales returns would appear in which journal?A. salesB. generalC. cash receiptsD. cash disbursements4. The controlling account in the general ledger that summarizes the debits and credits to the individualaccounts in the customer's ledger is entitledA. Accounts ReceivableB. Accounts PayableC. SalesD. Purchases5. The individual amounts in the “Accounts Payable" column of the purchases journal are posted to theappropriate account in theA. general ledgerB. general journalC. accounts payable ledgerD. accounts receivable ledger

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Description: 1. The column in the cash receipts journal that will always be debited isA. cash columnB. sales discount columnC. sundry amount columnD. sales column2. Each time an entry is recorded in the purchases journal, the credit would be entered in theA. pur

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A. cash column B. sales discount column C. sundry amount column D. sales column 2. Each time an entry is recorded in the purchases journal, the credit would be entered in the A. purchase column B. accounts payable column C. accounts receivable column D. none of the above 3. Infrequent sales returns would appear in which journal? A. sales B. general C. cash receipts

A. cash column B. sales discount column C. sundry amount column D. sales column 2. Each time an entry is recorded in the purchases journal, the credit would be entered in the A. purchase column B. accounts payable column C. accounts receivable column D. none of the above 3. Infrequent sales returns would appear in which journal? A. sales B. general C. cash receipts

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter5: Accounting Systems

Section: Chapter Questions

Problem 2PA: Transactions related to revenue and cash receipts completed by Albany Architects Co. during the...

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