Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You just posted a credit to Sales and a debit to Cash. Which special journal did it come from? Group of answer choices cash receipts

You just posted a credit to Sales and a debit to Cash. Which special journal did it come from?

Group of answer choices

cash receipts journal

sales journal

purchases journal

cash disbursements journal

2.

You just posted a debit to Cash in the general ledger. Which special journal did it come from?

Group of answer choices

cash receipts journal

sales journal

purchases journal

cash disbursements journal

3.

Sandren & Co. purchased inventory on credit from Acto Supply Co. for $4,000. Sandren & Co. would record this transaction in the ________.

Group of answer choices

purchases journal

general journal

cash disbursements journal

sales journal

4.

Source documents ________.

Group of answer choices

do not have to be on paper

are input devices

are output devices

cannot be electronic files

5.

On January 1, Incredible Infants sold goods to Babies Inc. for $1,540, terms 30 days, and received payment on January 18. Which journal would the company use to record this transaction on the 18th?

Group of answer choices

cash receipts journal

sales journal

purchases journal

cash disbursements journal

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Auditing

Authors: William C. Boynton, Walter G. Kell

6th Edition

0471596876, 9780471596875

More Books

Students also viewed these Accounting questions

Question

____________ assets are not taken over by the purchasing company.

Answered: 1 week ago

Question

What are possible safety concerns? Explain.

Answered: 1 week ago

Question

What would you do if you were in Margarets shoes?

Answered: 1 week ago