Question
1. You just posted a credit to Stars Inc. in the accounts receivable subsidiary ledger. Which special journal did it come from? Group of answer
1.
You just posted a credit to Stars Inc. in the accounts receivable subsidiary ledger. Which special journal did it come from?
Group of answer choices
cash receipts journal
sales journal
purchases journal
cash disbursements journal
2.
You returned damaged goods to C.C. Rogers Inc. and received a credit memo for $250. Which journal(s) would the company use to record this transaction?
Group of answer choices
general journal and the accounts payable subsidiary ledger
sales journal only
cash receipts journal and the accounts receivable subsidiary ledger
cash disbursements journal and the accounts payable subsidiary ledger
3.
Which of the following is not a way to prevent your computer from being attacked by ransomware?
Group of answer choices
opening all attachments from emails from unknown senders
making sure your antivirus security programs are up to date
using secure (password protected) networks and backing up your files regularly
not using open Wi-Fi (nonpassword, nonencrypted) in public locations
4.
The company just took a physical count of inventory and found $75 worth of inventory was unaccounted for. It was either stolen or damaged. Which journal would the company use to record the correction of the error in inventory?
Group of answer choices
general journal
sales journal
purchases journal
cash receipts journal
5.
AB Inc. purchased inventory on account from YZ Inc. The amount was $500. AB Inc. uses an accounting information system with special journals. Which special journal would the company use to record this transaction?
Group of answer choices
purchases journal
sales journal
cash receipts journal
cash disbursements journal
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started