Poole Company maintains four special journals and a general journal to record its transactions. Indicate the appropriate journal for recording the transactions listed. 1. Mr. Richey Poole invested cash in the business. Sales journalGeneral journalCash payments journalSingle-column purchases journalCash receipts journal 2. Purchased store supplies on account. Sales journalGeneral journalSingle-column purchases journalCash receipts journalCash payments journal 3. Sold merchandise to customer on account. General journalCash payments journalCash receipts journalSingle-column purchases journalSales journal 4. Purchased a 2-year fire insurance policy for cash. Cash payments journalGeneral journalCash receipts journalSingle-column purchases journalSales journal 5. Received a check from a customer as payment on account. Cash payments journalGeneral journalSingle-column purchases journalCash receipts journalSales journal 6. Paid for store supplies purchased in transaction 2. Sales journalSingle-column purchases journalGeneral journalCash payments journalCash receipts journal 7. Purchased merchandise on account. Cash receipts journalSales journalCash payments journalGeneral journalSingle-column purchases journal 8. Issued a credit memorandum to a customer who returned defective merchandise previously sold on account. Cash payments journalSales journalCash receipts journalSingle-column purchases journalGeneral journal 9. Purchased office equipment for cash. Cash receipts journalSales journalGeneral journalCash payments journalSingle-column purchases journal 10. Made an adjusting entry for store supplies used during the period. Cash payments journalCash receipts journalSingle-column purchases journalSales journalGeneral journal
Poole Company maintains four special journals and a general journal to record its transactions. Indicate the appropriate journal for recording the transactions listed. 1. Mr. Richey Poole invested cash in the business. Sales journalGeneral journalCash payments journalSingle-column purchases journalCash receipts journal 2. Purchased store supplies on account. Sales journalGeneral journalSingle-column purchases journalCash receipts journalCash payments journal 3. Sold merchandise to customer on account. General journalCash payments journalCash receipts journalSingle-column purchases journalSales journal 4. Purchased a 2-year fire insurance policy for cash. Cash payments journalGeneral journalCash receipts journalSingle-column purchases journalSales journal 5. Received a check from a customer as payment on account. Cash payments journalGeneral journalSingle-column purchases journalCash receipts journalSales journal 6. Paid for store supplies purchased in transaction 2. Sales journalSingle-column purchases journalGeneral journalCash payments journalCash receipts journal 7. Purchased merchandise on account. Cash receipts journalSales journalCash payments journalGeneral journalSingle-column purchases journal 8. Issued a credit memorandum to a customer who returned defective merchandise previously sold on account. Cash payments journalSales journalCash receipts journalSingle-column purchases journalGeneral journal 9. Purchased office equipment for cash. Cash receipts journalSales journalGeneral journalCash payments journalSingle-column purchases journal 10. Made an adjusting entry for store supplies used during the period. Cash payments journalCash receipts journalSingle-column purchases journalSales journalGeneral journal
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter12: Special Journals
Section: Chapter Questions
Problem 12SPB: PURCHASES JOURNAL, CASH PAYMENTS JOURNAL, AND GENERAL JOURNAL Debbie Mueller owns a small retail...
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Poole Company maintains four special journals and a general journal to record its transactions. Indicate the appropriate journal for recording the transactions listed.
1. | Mr. Richey Poole invested cash in the business. | Sales journalGeneral journalCash payments journalSingle-column purchases journalCash receipts journal | ||
2. | Purchased store supplies on account. | Sales journalGeneral journalSingle-column purchases journalCash receipts journalCash payments journal | ||
3. | Sold merchandise to customer on account. | General journalCash payments journalCash receipts journalSingle-column purchases journalSales journal | ||
4. | Purchased a 2-year fire insurance policy for cash. | Cash payments journalGeneral journalCash receipts journalSingle-column purchases journalSales journal | ||
5. | Received a check from a customer as payment on account. | Cash payments journalGeneral journalSingle-column purchases journalCash receipts journalSales journal | ||
6. | Paid for store supplies purchased in transaction 2. | Sales journalSingle-column purchases journalGeneral journalCash payments journalCash receipts journal | ||
7. | Purchased merchandise on account. | Cash receipts journalSales journalCash payments journalGeneral journalSingle-column purchases journal | ||
8. | Issued a credit memorandum to a customer who returned defective merchandise previously sold on account. | Cash payments journalSales journalCash receipts journalSingle-column purchases journalGeneral journal | ||
9. | Purchased office equipment for cash. | Cash receipts journalSales journalGeneral journalCash payments journalSingle-column purchases journal | ||
10. | Made an |
Cash payments journalCash receipts journalSingle-column purchases journalSales journalGeneral journal |
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