Recall from the chapter that we defined a source document as a business record used by a
Question:
Recall from the chapter that we defined a source document as a business record used by a company as evidence that a transaction has occurred.
Required: Name the source documents you think a company would use as evidence for each of the transactions listed below.
(a) Receipt of cash from the owner for additional investment in the company
(b) Payment by check to purchase office equipment
(c) Purchase of office supplies on credit
(d) Sale of office equipment at its original purchase price to a local CPA
(e) Purchase of fire and casualty insurance protection
(f) Sale of inventory on credit: lo7
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Accounting Information For Business Decisions
ISBN: 9780030224294
1st Edition
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley
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