Question 2 of 10 Which of the following is recorded in the purchases journal? A. orders made by the customer paid for with cash B. orders made by the business paid for with cash C. orders made by the customer on credit or account O D. orders made by the business on credit or account
Q: 11-Which of the following is an example of Expense of a Merchandise Business? a. Accounts receivable…
A: Expenses means the amount spent on running the business.
Q: hello, where do payable accounts and notes, receivable accounts and cash go under t accounts after…
A: General Ledger is collection of all the accounts in an accounting system. It is also known as…
Q: Name the special journal which is used to record the credit sales transactions of a merchandising…
A: Correct answer is ( d )Sale daybook Explanation A sales book is also known as sales day book is a…
Q: Week 6 Fiona Sporty uses a purchases journal, a cash payments journal, a sales journal, a cash…
A: Special Journals : Besides the original books of accounts, there are specialized journal…
Q: Question 2 Record the following transactions in the cash receipts journal. Jun. 12 Your…
A: As the Invoice date for invoice number No.1032 is not available, it is assumed that the payment was…
Q: Match the correct journal book for each of the transactions. Activity 1. A. Cash Receipts Journal B.…
A: Journal Entries: Journal entries are the first step in the accounting cycle. Journal entries are the…
Q: Multiple choice 1. A list showing the amount due to each supplier as of a specified date is known as…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Multiple choice: A sale is recognized and recorded in the accounting records at the time:…
A: Accounting records: The accounting records refer to the recording of assets, liabilities, equity…
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: I’m confused on how to enter these into the table. Specifically b & c. My table options are…
A: ACCOUNT RECEIVABLE; An account receivable is defined as it is money that has not been paid by…
Q: 32.This is the type of special journal makes use of sales invoices issued by companies. A.…
A: Accounting is essential to operating a company since it allows businesses to track income and…
Q: MULTIPLE CHOICE 1. The entries in a purchases journal are posted to which of the following…
A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If…
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: instruction: Encircie the letter of your choice. 1. A journal designed for entering only sales on…
A: Invoice - It is the written documentary evidence issued by the seller to the buyer. Sales Journal -…
Q: Mrs. Clean Cleaning has decided that, in addition to providing cleaning services, it will sell…
A: Prepare sales Journal for the transactions as shown below:
Q: For each of the transaction below, identify in which journal the transaction will be recorded:…
A: The posting Process shows transferring the transactions recorded in the books of original entry in…
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: Draw T account of purchases,sales,Mr D ,Mr E, Return inwards, Return outwards,Mr Z and Bank
A: A T-account is an term refers to a set of financial records which uses double entry of book…
Q: Q1: Explain all details in the figure below: All business transactions Classify - put same types of…
A: All the details of items given in the figure are explained hereunder : The figure suggests the Sub -…
Q: S1: An expense item allocated by the home office to a branch is recorded by the branch by a debit to…
A: An expense item allocated by the home office to a branch is recorded by thebranch by a debit to an…
Q: Sales Documents Select whether each of the following documents or procedures is for a retail…
A:
Q: C Question 3 Which of the following statements is correct? O After vendor's invoice is validated,…
A: The question is related Basic Accounting concepts. Identify the correct Statement.
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: 1. S1: An expense item allocated by the home office to a branch is recorded by the branch by a debit…
A: Hi Student Since there are multiple questions,we will answer only first question. If you want…
Q: Special Journals Instructions: Moss Company maintains four special journals and a general journal…
A: Special journals: Special journal allows a company to record the particular types of repeated and…
Q: Q: Which of the following accounts increases the debit and decreases the credit? Give reasons with…
A: Hi student Since there are multiple questions, we will answer only first question.
Q: III. IDENTIFICATION Directions: Identify the term/s being described. 1. It is the inventory system…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Which of the following situations has to .5 ? do with account payable )2 نقطة( Sales on credit…
A: Note: Since you have posted multiple questions, we will solve the first question. Please submit a…
Q: Q1. Underline/highlight the correct answer. 1. Where are the accounts of credit suppliers found? a.…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: the following w
A: the correct answer is d. SALES INVOICES
Q: Question 16 Each entry in the accounts receivable credit column of a journal is an amount tha O Has…
A: Recording business transactions in the books of accounts of a business is journal entry Accounts…
Q: Goods purchased on cash are recorded in the :(i) Purchases (journal) book(ii) Sales (journal)…
A: Option 3 cash book is the answer.
Q: The sum of customers' unpaid balances that is compared to the general ledger comes from: the…
A: The unpaid customer balance is come into existence because of credit sales to the customer.…
Q: General journal
A: Business transactions are recorded in books of accounts Books of accounts include Journals and…
Q: Activity 1. Classify Me Instruction: Identify each element or account title if it can be found on a…
A: Service business means the business of earning revenue by providing services. Merchandising business…
Q: . The bill of lading is a document prepared by the seller detailing the terms of delivery 2. the…
A: Answer: There are various types of documents that are prepared as the part of sales while shipping.
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: 1. A special journal contains columns for Cash, Purchases Discounts and Accounts Payable. This…
A: "Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: What is the totals credits and total debits? Also answer the following questions: Answer the…
A: Total credits= sales credit+ sales tax payable credit =6398.82+311.18 =6710 Total debit=Account…
Q: Question 2 Credit Sales, Credit Purchases & Returns You are to enter the following items in the…
A: Every business would have a certain amount of purchases and sales. These transactions are the…
Q: 3. A one-column sales journal may be used to record a. sales of supplies on account. b. sales of…
A: solution one column sales journal One column sales journal is a journal which is used to record the…
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- You just posted a debit to ABC Co. in the accounts receivable subsidiary ledger. Which special journal did it come from? A. sales journal B. cash receipts journal C. purchases journal D. cash disbursements journal E. general journalA customer just charged $150 of merchandise on the companys own charge card. Which special journal would the company use to record this transaction? A. sales journal B. purchases journal C. cash receipts journal D. cash disbursements journal E. general journalA customer just charged $150 of merchandise using MasterCard. Which special journal would the company use to record this transaction? A. sales journal B. purchases journal C. cash receipts journal D. cash disbursements journal E. general journal
- You returned damaged goods you had previously purchased from C.C. Rogers Inc. and received a credit memo for $250. Which journal would your company use to record this transaction? A. sales journal B. purchases journal C. cash receipts journal D. cash disbursements journal E. general journal1.Which of the following statements are true?a. Recording purchase transactions in a general journal is considered efficient.b. Most businesses will carefully enter all purchase orders using the purchase orderjournal.c. A purchase requisition follows a purchase order.d. It is important for a company to verify all numbers on a supplier’s invoicee. In general, cash discounts are so minor they can be ignored. From the following, prepare a Schedule of Accounts Payable for Digital Co. for September 30, 2022. Account payable 210 Credit 100 9/5 GJ4 200 9/7 GJ5 300 9/15 GJ6 800 9/18 GJ6 L VON CO. CREDIT 100 9/5 GJ4 XON CO. CREDIT 300 9/15 GJ6 J. BEE CO. CREDIT 800 9/18 GJ6 ZERO CO. CREDIT 200 9/7 GJ5Using the QBO Sample Company, Craig's Design and Landscaping Services, complete the following. 1. Create Sales Receipt. Select Create (+) icon > Sales Receipt Select Customer: Dukes Basketball Camp Select Sales Receipt Date: Current Date Select Payment Method: Check Enter Reference No.: 432 Select Deposit to: Undeposited Funds Select Product/Service: Landscaping: Maintenance and Repair Enter QTY: 9 Enter Rate: 33.00 What is the Total for the Sales Receipt? (Answer this question in the table shown below. Round your answer to 2 decimal places.) Select Save and leave the Sales Receipt form open 2. View the Transaction Journal for the Sales Receipt. From the bottom of the Dukes Basketball Camp Sales Receipt, select More > Transaction Journal What are the Account and Amount Debited? (Answer this question in the table shown below. Round your answer to 2 decimal places.) What are the Account and Amount Credited? (Answer this question in the table shown below. Round your…
- For the transaction below, determine which QuickBooks Online task is the most appropriate to record it. Select a task from the drop down list. Apr. 4: Purchase office supplies from The Office Store, for cash, $900. Review the source documents before answering. The most appropriate QuickBooks task isHi, for the last part of this question, it says "After you prepare the schedule of accounts payable creditor balances, determine that the total agrees with the ending balance of the Accounts Payable controlling account."Outdoor Artisan LandscapingAccounts Payable(Controlling)Balance, June 1, 20Y1 $Total credits (from purchases journal)Total debits (from cash payments journal)Balance, June 30, 20Y1 $How would I solve this problem? I've attached a picture of the original questionAccounting Information System Provide an analysis/explanation of the flow of the payment flowchart of a bookstore who's ordered books from suppliers. Step 1: Payment Step 2: Number of items and type Step 3: Match order form with receiving report Step 4: Prepare voucher for payment Step 5: Owner approves payment
- Answer the following questionsYou were hired to assist Oman based Company in designing an accounting system for Oman Co., Ltd. has developed a list of the journals, ledgers, reports and documents that he thinks Oman Co., Ltd. The company asks you to complete the following tasks:c) Design a report to assist in managing credit sales and cash collections.d) What types of journals, ledgers and blank forms for various documents ( Sales invoices, purchase orders etc)Complete the following to record office expenses that Mookie The Beagle™ Concierge incurred and paid by check. Create a Check. Select Create (+) icon > Check Add Vendor Payee: Bichotte Supplies Select Payment Date: 01/13/2022 Select Bank Account: Checking Select Category: Office Supplies & Software (Expenses) Enter Description: Office Supplies Enter Amount: 84.00 What is the Total for the Check? (Answer this question in the table shown below. Round your answer 2 decimal places.) Select Save and close View the Transaction Journal for the Check. From the Navigation Bar, select Expenses From the Expense Transactions List, select the Bichotte Supplies Check just entered From the bottom of the Bichotte Supplies Check, select More > Transaction Journal What are the Account and Amount Debited? (Answer this question in the table shown below. Round your answer 2 decimal places.) What are the Account and Amount Credited? (Answer this question in the table shown…please i need help with quickbooks, please tell me in quickbooks where do i supposed to records those transactions atwhich quickbooks window supposed to record? whether: bill (enter bills window)credit (enter bills window)bill pmt - check (pay bills window)check (write checks window)invoice (create invoices window)payment (receive payments window)sales receipt (enter sales receipts window)deposit (make deposit window)general journal (make general journal entries window)inventory adjust (adjust quantity/value on hand window)sales tax payment (pay sales tax window)paycheck (pay employees window)liability check (pay payroll liabilities window)transfer (transfer funds between accounts window)credit card charge (enter credit card charges window)credit memo (create credit memos/refunds window)discounts (receive payments window) Jul 2 Received a six-month insurance policy renewal from General Insurance Co. for $1,200, paid immediately, Check No. 72. Jen recorded the first six-month…