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College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570

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BuyFindarrow_forward

College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570
Textbook Problem

In the following two-column journal, the capital letters represent where parts of a journal entry appear. Write the numbers 1 through 8 on a sheet of paper. After each number, match the capital letter where these items appear with the number of the item. (Not all letters will be used.)

images

  1. 1. Year
  2. 2. Month
  3. 3. Explanation
  4. 4. Title of account debited
  5. 5. Ledger account number of account credited
  6. 6. Amount of debit
  7. 7. Day of the month
  8. 8. Title of account credited

To determine

Identify the parts of journal for a journal entry and match the letters defining the term with the number that appears on the journal.

Explanation

Journal entry: Journal entry is a set of economic events which can be measured in monetary terms. These are recorded chronologically and systematically.

The journal entry is represented in the journal as shown below:

                                               GENERAL JOURNAL                                 Page:
DateAccount Titles and ExplanationPost Ref...

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