Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Financial Accounting Expert

problem1. When a two-column (all-purpose) a revenue journal (RJ), general journal (GJ), a cash receipts journal (CR), a purchase journal (PJ) and a cash payments journal (CP) are employed indicate the journal in which each of the following transactions must be recorded:

1. Payment of the rent.

2. Purchase of supplies on an account

3. Investment of additional cash in business by owner.

4. Advance payment of one-year fire insurance policy on office

5. Adjustment to record depreciation at end of month.

6. Rendering of services for cash.

7. Rendering of services on account

8. Receipt of cash on account from customer.

9. Purchase of computer on account

10. Sale of office supplies for cash, at cost, to a neighbouring business.

11. Adjustment to record supplies used at the end of year.

12. Closing of drawing account at the end of the year.

13. Payment of the account payable.

14. Purchase of supplies for cash.

15. Owner withdrew cash

16. Adjustment to record accrued salaries at the end of period

17. Close revenue accounts at month end.

18. Company borrows money from bank.

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M93825

Have any Question? 


Related Questions in Financial Accounting

1 accrual income versus cash flow for a period thomas book

1. Accrual income versus cash flow for a period Thomas Book Sales, Inc., supplies textbooks to college and university bookstores. The books are shipped with a proviso that they must be paid for within 30 days but can be ...

Assignmentconsider the listing at 4815 catoctin san diego

Assignment Consider the listing at 4815 Catoctin San Diego, CA 92115 Price $475,000 Bob Betty Homebuyers want to make an offer on this property at the list price. Bob earns $48,000 per year and Betty earns $54,000 per ye ...

Assignmenttask 1 accounting systemsbrave brands marketing

Assignment Task 1. Accounting systems Brave Brands Marketing is a well-renowned marketing organisation with a strong workforce of dedicated employees. However, the CEO has recently identified that many of his staff membe ...

There are four main methods for documenting specific

There are four main methods for documenting specific business processes, systems, and so on. If your company asked you to document the workflow in your department, where would you start and why? How would that change if ...

Tracy company a manufacturer of air conditioners sold 100

Tracy Company, a manufacturer of air conditioners, sold 100 units to Thomas Company on November 17, 2011. The units have a list price of $500 each, but Thomas was given a 30% trade discount. The terms of the sale were 2/ ...

Project peyton approved instructionsfor this deliverable

Project Peyton Approved Instructions For this deliverable, you will complete the accounting cycle and prepare financial statements that will provide the result you need to assess the success of business operations. Below ...

Noting discussion of supreme court decisions 1 meritor

Noting discussion of Supreme Court decisions: 1) Meritor Savings Bank v. Mechelle Vinson and 2) Oncale v. Sundowner Offshore, research both cases online and respond to the following questions. 1. Provide a paragraph summ ...

Assignmentq1 will the income statement include the profits

Assignment Q1 Will the income statement include the profits or losses from the purchase and sale of treasury stock? Yes or No? Include an example of a journal entry to purchase treasury stock. Q2 Explain the effect on Ca ...

Intermediate accountingthe following information is

Intermediate Accounting The following information is available for the pension plan of Jones Company for the year 2014. Actual and expected return on plan assets $ 15,000 Benefits paid to retirees 40,000 Contributions (f ...

What is the main purpose of the healthcare reform also

What is the main purpose of the Healthcare Reform also known as the Affordable Care Act? How will individual States influence delivery and how should reform alternatives be considered?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen