Reguer 122-122 MULEPLE CHALEU32 A cash sale of merchandise is recorded in the a sales journal cash receipts journal. cash payments Journal d. general journal 2. A purchase return for credit is recorded in the a. sales Journal b. cash receipts Journal c. cash payments journal. d general journal Adjusting entries are recorded in the a. sales Journal b cash receipts journal. ccash payments Journal d. general journal 4. In which of the following journals would you expect to find the fewest entries? Sales journal b. Cash receipes journal c. Cash payments Journal d. General journal 5. A Purchases Discounts column would be most likely to appear in a a. single-column purchases journal. b. multicolumn purchases journal. c. cash payments journal. d. cash receipts journal. 6. Closing entries are recorded in the a. sales journal. b. cash payments journal. c. general journal. d. purchases journal. 7. A subsidiary ledger may be established for a. Equipment b. Accounts Payable. c. Notes Receivable. d. Equipment, Accounts Payable, and Notes Receivable. 7Accounts Receivable would appear as a credit column in the a.. cash receipts journal. I b: sales journal. c. purchases journal. d. cash payments journal. 9. Sales Discounts would appear as a debit column in the .a. general journal. b. cash payments journal. c. sales journal. d. cash receipts journal. 1o. The total of a single-colome sales journal is posted to the general ledger as 3 debit to Sales and scroditto Cash debit to Cash and credit to Sales. debit to Sales and credit to Accounts Receivable. debit to Accounts Receivable and credit to Sales El. The total of a single-column purchases journal is posted to the general ledger as a debit to Purchases and credit to Accounts Payable. debit to Purchases and a credit to Cash. debit to Accounts Payable and a credit to Purchases. & debit to Cash and a credit to Purchases. Delly postings are made from the sales journal to the schedule of accounts receivable. abounts receivable controlling account. accounts receivable subsidiary Indger d sles account in the general ledger. Use the following information to answer the questions below 13-17) Iris's Juice Company has five journals of original entry: sales journal, purchases journal, cash receipts joumal, cash payments journal, and general journal. The following transactions were enpaged in by Iris' 1 1. Sold juice on credit to the Happy Trails Store 2. Purchased bottles on credit from Ace Glass Company. . 3. Returned some of the bottles purchased above because of lenkage problems 4. Received half-payment from the Happy Trails Store of amount owed in transaction l. 5. Paid the balance due on the bottles purchased in transaction 2. 13. Transaction I would be entered into the cash receipts Journal b. cash payments journal. c. sales Journal d. purchases journal. 14. Transaction 2 would be entered into the 1. cash receipts journal. b. cash payments Journal c. sales Journal d. purchases journal. IS. Transaction 3 would be entered into the a. cash receipts journal. b. cash payments journal. c. purchases journal. d. general journal. 6. Transaction 4 would be entered into the 1. cash receipts journal. b. cash payments journal. c. sales journal. d. purchases journal. 17. Transaction 5 would be entered into the cash receipts journal. c. sales journal. h eh neumant la rece mal ex 4 cht. 70 16. Which of the following would be Wing w Outstanding checks Deposits Service charges eb per book on a bank Notes collected by the bank otion of the bank reconciliation? 17. A NSF check which is of Addition to the balance per books Deduction from the balance por books Addition to the balance per bank Daduction from the balance per bank 2. Wilhebelowing word be & Outstanding checks hich of the following would be added to the hace per bank h Collection of a sole recente by the bank Bank service charges d Deposit in transit 21. Which of the following would be deducted from the baco per bank? Bank service charge b NSF check o. Outstanding checks d. An issued check that the company forgot to record on its books a . For which of the following errors should the appropriate amount be added to the balance per bank on a bank reconciliation? a. Check for $32 recorded as $23 b. Deposit of $800 recorded by bank as $300 e. Our returned $400 check recorded by bank as $300 d. Check for $57 recorded as $75 23. Which of the following bank reconciliation Items would result in an entry on the company's books? 1. Deposit in transit b. Bank error c. Outstanding checks d. Interest earned 14.On a bank reconciliation, interest earned on a checking account should be a. added to the balance per books. b. deducted from the balance per books. c. added to the balance per bank d. deducted from the balance per bank. the per le star 25. Which of the following bank reconciliation items would not result in an entry? 1. Service charge b. Collection of a note by the bank c. Outstanding checks d NSF check of customer . 26. During the month, a company learns that a check it issued has been accidentally destroyed. On the bank reconciliation, the company would .. add the amount back to the balance per books. b. deduct the amount from the balance per books. c. add the amount to the balance per bank. d. deduct the amount from the balance per bank