Describe and name the four special journals and identify the types of transactions that are recorded in each of these journals.

Q: Present entries to record the selected transactions described below.

A: Given: Issue of the bond = $ 2,750,000 Bond rate = 8 % Carried value = $ 2,692,250

Q: Prepare a journal entri

A: Journal entries recording is the initial step in accounting process, under which atleast one account…

Q: Under each of the following independent situations, prepare all relevant journal entries on the…

A: “Since you have posted a question with many sub-parts, we will solve three sub-parts for you. To get…

Q: complete the following journal entries

A: Journal entries recording is the first step of accounting cycle process, in which atleast one…

Q: Can assist on the following Give a brief description of the different types of source documents…

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

Q: Answer the following : What is Special Journals? In your own words describe and explain clearly and…

A: Special journal is the journal which helps to record the financial transactions, In this each…

Q: Make a general ledger for this general journal below

A: General ledger is a keeping record on the basis of journal entries or transactions recorded by the…

Q: What is the definition of a journal entry?

A: Journal entry is an act of maintaining a record of transactions whether economic or non economic.

Q: Select any five financial transactions of your choice and make journal entries for the same.

A: Journal entries means the book of prime entry including debit and credit item. Necessary journal…

Q: Explain the recording process of special journals.

A: Companies use special journals to record repetitive transactions that affect the same set of…

Q: Analyze and review the following items and determine the appropriate journal entry.

A: Investment:- An investment is considered as the asset which is acquired with the motive to generate…

Q: Journalize the transactions

A: Journal entries forms the basic step for preparation any books of accounts. Dual accounting approach…

Q: There are 4 common types of special journals, what is the function of each special journal

A: A special journal is maintained in accounting to record the similar kind of transactions.

Q: Identify what special journal that is applicable for the following transactions:

A: Given: Payment received from Customer               ₱10,000 Purchase  made on Credit…

Q: Prepare journal entries to record the transactions.

A: Journal: It refers to an account which records all the financial transactions pertaining to a…

Q: : Provide the journal entries.

A: A journal entry is the act of keeping or making records of any transactions either economic or…

Q: structions: repare the entries in the Journal

A: Step 1 Journal is the Part of Book keeping.

Q: Give its Journal Entry

A: Journal entries recording is the initial step of accounting cycle process, under which atleast one…

Q: Requirement: Give the journal entries for the foregoing transactions.

A: Dividend is the amount which is paid to the shareholders of the company and the dividend amount is…

Q: Explain the Rules for Journalising Transactions

A: Solution A journal is a company's official book in which all business transaction are recorded in…

Q: Journalize the transactions.

A: A journal is a detailed account that records all the financial transactions of a business, to be…

Q: appropriate journal to be used

A: Special journals are used to record items of specific transactions belonging to same category.

Q: What is a journal? Give a specimen of journal showing at least five entries.

A: “Journal book systematically records business transactions on the beginning of a source document in…

Q: Give two examples of entires which appears in a ' Journal Proper'.

A: Journal proper: Journal proper is used to record miscellaneous transactions that which don’t find…

Q: You are required to prepare the journal entries to record the above transactions.

A: Preference Shares are the shares which carry preferential rights over the Equity shareholders in…

Q: he journal entries to

A: The recording of transactions for issue and re-purchase of stocks can be done through journal…

Q: Which of the following journals is called an all-purpose journal? Please explain with full…

A: There are two journals. One is general journal and another is special journal.

Q: Prepare Journal Entries to record transaction A-F

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

Q: When special journals are used, they are usually used to record each of four different types of…

A: Special journal: It can be defined as the type of journal that is used specifically in a bookkeeping…

Q: e journal entry to record this transaction

A: (Note: Since you have posted multiple questions, we will solve the first question for you. For the…

Q: Identify the appropriate journal to be used in each item below. Choose from the books of accounts…

A: A Special journal is used to record a specific type of transaction which occurs frequently in a…

Q: Provide the necessary journal entries using the area-of-interest method

A:

Q: Record the above summary transactions. (Record journal entries in the order presented in the…

A: The act of maintaining or making records of any transactions both monetary or non-monetary.…

Q: Create journal entries for the following:

A: a. No entry is made on the grant date as no transaction is being entered into by an employee and…

Q: Post these journals to their respective ledger accounts

A: The general ledger of the Company are the accounts prepared in the books of the Company for…

Q: List the four special journals often used in a manual accounting information system. What types of…

A: Special Journal: A special journal is an accounting journal used by an enterprise to record a…

Q: Record the following transactions in the general journal.

A: RRR has started a merchandising business under the name of WEEN Trading. We are given transactions…

Q: : Provide all the necessary journal entries.

A: On Jan 1,20x1:  = Number of SAR × Fair value  = 1000 × 20  = 20000   On Dec 31,20x1:  = (Number of…

Q: Prepare journal entries to record the following transactions.

A: Concept introduction:   Journal entry is the entry made in Journal books; it is also called books…

Q: What are the four parts of a journal entry?

A: Date, Debit, Credit and source document are the four parts of a journal entry. Date is one of part…

Q: Explain the distinguishing characteristics of (a) a generaljournal and (b) a special journal.

A: The journals are used by the companies to record the financial transactions of an organization on…

Q: Prepare the journals for all transactions

A: Journal entry is the entry which is recorded on the day book whose other name is also journal book…

Q: . The general journal entry to record the transaction is:

A: Journal entry is recorded at every business transaction and every transactions involves minimum two…

Q: COMPLETE THE JOURNALIZING

A:

Q: Explain the five steps in journalizing and posting transactions.

A: Identify the accounts and the account type. You need this information before you can complete the…