For each of the following transactions, state which special journal (Sales Journal, Cash Receipts Journal, Cash Disbursements
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For each of the following transactions, state which special journal (Sales Journal, Cash Receipts Journal, Cash Disbursements Journal, Purchases Journal, or General Journal) and which subsidiary ledger (Accounts Receivable, Accounts Payable, neither) would be used in recording the transaction.
A. Sold inventory for cash
B. Issued common stock for cash
C. Received and paid utility bill
D. Bought office equipment on account
E. Accrued interest on a loan at the end of the accounting period
F. Paid a loan payment
G. Bought inventory on account
H. Paid employees
I. Sold inventory on account
J. Paid monthly insurance bill
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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