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Assume that Acct 201 Co. uses a two-column (all purpose) general journal, a revenue journal, a purchases journal, a cash receipts journal, and a cash
Assume that Acct 201 Co. uses a two-column (all purpose) general journal, a revenue journal, a purchases journal, a cash receipts journal, and a cash payments journal. Indicate the journal to which each of the following transactions would be recorded (Acct 201 wants to minimize use of the general journal): a. Purchasing supplies on account: b. Receiving cash on account: c. Adjusting entry for supplies on hand at month end: d. Providing services on account: e. Providing services for cash. f. The adjusting entry for depreciation expense: g. Payment of accounts payable for previously purchased supplies on account: h. Issuing check for payment of 6 months rent
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