Question
For each of the below transactions for Dartmouth Company, indicate whether it would normally be recorded in a cash receipts journal, cash payments journal, sales
For each of the below transactions for Dartmouth Company, indicate whether it would normally be recorded in a cash receipts journal, cash payments journal, sales journal, purchases journal, or general journal.
| 1. | Sale of merchandise for cash | Purchases JournalCash Payments JournalSales JournalGeneral JournalCash Receipts Journal | |||
| 2. | Payment of employee salaries | Cash Receipts JournalSales JournalPurchases JournalGeneral JournalCash Payments Journal | |||
| 3. | Sale of land for cash | General JournalSales JournalPurchases JournalCash Receipts JournalCash Payments Journal | |||
| 4. | Depreciation on equipment | Sales JournalPurchases JournalCash Payments JournalCash Receipts JournalGeneral Journal | |||
| 5. | Purchase of supplies on account | Cash Payments JournalPurchases JournalSales JournalGeneral JournalCash Receipts Journal | |||
| 6. | Purchase of merchandise on account | General JournalPurchases JournalCash Receipts JournalSales JournalCash Payments Journal | |||
| 7. | Purchase of land for cash | General JournalCash Receipts JournalPurchases JournalSales JournalCash Payments Journal | |||
| 8. | Payment on account | Cash Payments JournalGeneral JournalPurchases JournalCash Receipts JournalSales Journal | |||
| 9. | Return of merchandise purchased on credit | General JournalSales JournalPurchases JournalCash Payments JournalCash Receipts Journal | |||
| 10. | Collection on account from customers | Cash Receipts JournalPurchases JournalGeneral JournalCash Payments JournalSales Journal | |||
| 11. | Revenues and expenses closed to income summary | Cash Receipts JournalPurchases JournalSales JournalGeneral JournalCash Payments Journal | |||
| 12. | Sale of merchandise on account | Sales JournalPurchases JournalCash Payments JournalCash Receipts JournalGeneral Journal | |||
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
