u whch special journal will the following transaction be recorded? Purchase office supplies for cash A. Purchases journal & Cash receipt joumal C. Cash payment journal D. None of these 18. Which of the following is correct concerning recording journal entries? A Dollar signs are always record led in the journal. credit account is always indented underneath the debit entry. C. The credit part of the entry is recorded first. D. The debit part of the entry is recorded last. 19. Which of the following accounts will nat be closed at the end of the year? A. Utilities Expense B. Fees Earned Owner's Capital Wages Expense 20. According to the matching rule (accrual accounting): A. Expenses are recorded in advance or when they are due. Expenses are recorded only when cash payments are made. Expenses are recorded when they are incurred. Revenues are recorded only when cash is received