Identify the special journal(s) in which the following column headings appear.     Column Headings   Special Journals a.   Accounts Payable Dr.                                                              Purchases JournalCash Receipts Journal and Cash Payments Journal and Sales JournalCash Receipts JournalGeneral JournalCash Payments JournalCash Payments Journal and Sales JournalCash Receipts Journal and Purchases JournalSales Journal b.   Cash Cr.                                                              Sales JournalCash Payments JournalCash Receipts Journal and Purchases JournalCash Receipts Journal and Cash Payments Journal and Sales JournalPurchases JournalGeneral JournalCash Receipts JournalCash Payments Journal and Sales Journal c.   Inventory Cr.                                                              Cash Receipts Journal and Cash Payments Journal and Sales JournalGeneral JournalCash Receipts Journal and Purchases JournalPurchases JournalCash Receipts JournalCash Payments JournalCash Payments Journal and Sales JournalSales Journal d.   Inventory Dr., Accounts Payable Cr.                                                              Cash Receipts JournalCash Receipts Journal and Purchases JournalCash Receipts Journal and Cash Payments Journal and Sales JournalCash Payments JournalCash Payments Journal and Sales JournalSales JournalGeneral JournalPurchases Journal

Q: Using the five journals as named here: • Sales, Purchases, Cash Receipts, Cash Disbursements, and…

A: Purchase Journal Date Vendor  Account…

Q: 1. The entries to adjust, close and reverse the books of accounts are appropriately recorded in…

A: As posted multiple independent questions we are answering only first question kindly repost the…

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: In the expanded purchases journal, debits are made in which columns? choices:  Accounts Payable,…

A: Answer : Merchandise inventory ,office supplies ,and store supplies.

Q: Which of the following is not a special journal? a. Sales journal b. General journal c. Cash…

A: Special journals: Special journal are journals which records transactions that occur frequently such…

Q: Business incurred travelling cost of OMR 50. Which of the following specialized journals will record…

A: The answer is option (d.) [ cash payment journal] Refer step 2 for explanation

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

A: In order to record specific high volume transactions, five special journals are used. They are  1.…

Q: Identify the special journal(s) in which the following column headings appear.     Column Headings…

A: Journal Entries are record of transaction in accounting systems. As per nature these journals…

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: What is the correct journal entry to record when transfer the total of the purchase daybook the…

A: Option:: Payables ledger control account Dr:::XXX..         To purchases account XXXX....

Q: Proving the postings of a one-column purchases journal would involve comparing the…

A: General Ledger: A general ledger is a bookkeeping ledger of the company that is a central repository…

Q: Demonstrate, using practical example how to prepare accounts from the Sales day book and Sales…

A: The sales day book is a manually-maintained ledger in which is recorded the key detailed information…

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: Required Prepare the SALES JOURNAL Prepare the PURCHASES JOURNAL

A: A journal is a record that records every one of the monetary exchanges of a business, to be utilized…

Q: posting from a sales journal to an accounts receivable ledger?

A: Sales journal is also referred as sales book or sales day book.  All the credit sales are recorded…

Q: Explain the posting process of the sales journal?

A: Sales JournalThe Sales Journal is used to record the transaction when the sale of merchandise…

Q: One-column sales journal may be used to record collection on account sales of goods for cash sales…

A: Sales Journal records all the entries related to the sales made to customers both for cash and on…

Q: the customer of the details by issuing a sales invoice a. b. purchase invoice credit memorandum С.…

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

Q: What are the columns that are typically used in the purchases journal?

A: A Purchase Journal records all purchases made on credit during a period. In other words, this is the…

Q: According to the Revenue Cycle Flowcharting Process, the "Pure Credit Sales" portion of the credit…

A:

Q: 33.This is the type of special journal where sales invoice from a supplier may be found.    A. sales…

A: There are various types of journals which are being maintained as part of books of accounts.…

Q: Describe and use the sales journal. What steps are followed in posting from the sales journal to the…

A: Sales Journal: A journal is a book of original entry where all journal entries are recorded on the…

Q: Villar Co. uses special journals and a general journal. Identify the journal in which each of the…

A: Purchases journal -A special journal in which all purchases of merchandise on account are…

Q: Identify the special journal(s) in which the following column headings appear.     Column…

A: Column Headings Special Journals a. Sales discounts Dr Cash receipts journal b. Accounts…

Q: Describe and use the purchase journal. What steps are followed in posting from the purchases journal…

A: Purchase Journal: Purchase journal records all the merchandise purchase on credit. In a single…

Q: What is the journal entry for recording credit sales? a. Cash Dr. and Sales Cr b. Sales Dr. and…

A: Journal entry for Recording credit sales: Accounts Receivable [Debit]          Sales [ Credit]

Q: Describe and use the purchases jornal. What steps are followed in posting from the purchases journal…

A: Purchase Journal:   Purchase journal records all the merchandise purchase on credit. In a single…

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: ledger

A: A   COGS A/c    Dr        To Purchase A/c     B    A general ledger is an accounting record book in…

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: 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: The individual amounts in the “Accounts Payable" column of the purchases journal are posted to the…

A: Answer: Option C Accounts Payable Subsidiary ledger is Correct.

Q: what are the entries for the cash receipt journal and general journal.

A: Cash receipt journal is the journal which has been used by the company which are used to record as…

Q: Each time an entry is recorded in the purchases journal, the credit would be entered in the accounts…

A: Introduction:- The act of recording or keeping track of any financial or non-financial action is…

Q: 1. Draw up a) Sales journal and Cash Receipt Journal b) Accounts Receivable Subsidiary Ledgers c)…

A: Cash receipt journal is the journal which records and shows how cash been received by the business…

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: How to journalize entries from accounting for sales with frieght transaction

A: The journal entry is a way of recording business transactions. It is the event when business…

Q: Please classify the following transactions into the 7 journals in accounting.  General Journal…

A: 1. General Journal: General journal records all transactions which don't find place in other…

Q: Wilcox Electronics uses a sales journal, a purchases journal, a cash receipts journal, a cash…

A: Sales journal records sales on credit. Cash receipt journal records all cash receipt transactions.…

Q: Describe and put the sales notebook to use. What procedures are involved in submitting sales journal…

A: The Answer

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is