Answered step by step
Verified Expert Solution
Question
1 Approved Answer
which of the following is recorded in the cash receipts journal? a cash withdrawan by the owner b adjusting entry for depreciation c cash received
which of the following is recorded in the cash receipts journal?
a cash withdrawan by the owner
b adjusting entry for depreciation
c cash received on customers account
d cash purchase of equipment
when using a revenue journal
a seperate "fees earned" and "accounts receivable" columns are included
b both cash sales and sales on account are recorded in the journal
c revenues are normally recorded when the company sends customer invoices
d postings to customer accounts are done at month's end
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started