Question
Assuming the use of a two-Column (all-purpose) general journal, a purchases journal and a cash payments journal as illustrated in this chapter, indicate the journal
Assuming the use of a two-Column (all-purpose) general journal, a purchases journal and a cash payments journal as illustrated in this chapter, indicate the journal in which each of the following transactions should be recorded:
a. Purchase of office equipment for cash.
b. Adjustment to prepaid rent at the end of the month
c. Advance payment of a one-year fire insurance policy on the office.
d. Purchase of services on account.
e. Purchase of office supplies on account.
f. Adjustment to record accrued salaries at the end of the period.
g. Purchase of an office computer on account.
h. Payment of three months rent in advance.
i. Purchase of office supplies for cash.
j. Adjustment to prepaid insurance at the
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