Century 21 Accounting General Journal
11th Edition
ISBN: 9781337680059
Author: Gilbertson
Publisher: Cengage
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- Should the purchases journal have a column that is a debit to Accounts Payable?arrow_forwardA journal entry that requires a debit to Accounts Receivable and a credit to Sales goes in which special journal?arrow_forwardCan a sales journal be used to record sales on account and a cash sale? Why or why not?arrow_forward
- What is the accounts receivable ledger? a. A record of credit customers and their balances b. A record of vendors and their balances c. Part of the sales journal d. Part of the general journal e. Part of the general ledgerarrow_forwardRecord the following sales transactions of Money Office Supplies.arrow_forwardWhat specific accounts are recognized when a business purchases equipment on credit?arrow_forward
- You just posted a credit to Accounts Receivable. Which special journal did it come from? A. sales journal B. cash receipts journal C. purchases journal D. cash disbursements journal E. general journalarrow_forwardRecord the following purchase transactions of Money Office Supplies.arrow_forwardYou 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 journalarrow_forward
- You just posted a credit to Stars Inc. 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 journalarrow_forwardWhen should entries from the sales journal be posted?arrow_forwardWhat steps are followed in posting cash receipts from the general journal to the accounts receivable ledger?arrow_forward
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