Accounting (Text Only)

26th Edition
Carl Warren + 2 others
ISBN: 9781285743615



Accounting (Text Only)

26th Edition
Carl Warren + 2 others
ISBN: 9781285743615
Textbook Problem

Identify journals

Assuming the use of a two-column (all-purpose) general journal, a purchases journal, and a cash payments journal as illustrated in this chapter, indicate the journal in which each of the following transactions should be recorded:

a. Purchase of office supplies for cash.

b. Advance payment of a one-year fire insurance policy on the office.

c. Purchase of office equipment for cash.

d. Adjustment to prepaid insurance at the end of the month.

e. Adjustment to prepaid rent at the end of the month.

f. Adjustment to record accrued salaries at the end of the period.

g. Purchase of services on account.

h. Purchase of office supplies on account.

i. Adjustment to record depreciation at the end of the month.

j. Payment of six months’ rent in advance.

k. Purchase of an office computer on account.

To determine


Journal is the method of recording monetary business transactions in chronological order. It records the debit and credit aspects of each transaction to abide by the double-entry system.

Purchase journal:

Purchase journal refers to the journal that is used to record all purchases on account. In the purchase journal, all purchase transactions are recorded only when the business purchased the goods on account. For example, the business purchased cleaning supplies on account.

Cash payments journal:

Cash payments journal refers to the journal that is used to record the all transaction which is involve the cash payments. For example, the business paid cash to employees (salary paid to employees).

To identify: The types of journal for the given transactions.


(a), (b), (c), and (j) – Cash payment journal:

In this case, (a) purchase of office supplies, and (b) payment of insurance policy, (c) purchase of equipment (j) payment of rent, are cash payment journal, because all purchases and expenses are involved in cash. Hence, these transactions come under cash payment journal.

(d), (e), (f), and (i) – General journal:

In this case, (d) adjustment for prepaid insurance, (e) adjustment for prepaid rent, (f) adjustment for accrue...

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