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Author Question: Indicate the appropriate columns in which the following transaction would be recorded in the cash ... (Read 99 times)

jayhills49

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Indicate the appropriate columns in which the following transaction would be recorded in the cash payment journal: Paid rent for the month of January.
 a. Accounts Payable DR
  Cash CR
   b. Other Accounts DR
  Cash CR
   c. Cash DR
  Other Accounts CR
   d. Cash DR
  Accounts Payable CR

Question 2

General Fund expenditures for uncollectible accounts receivable should be reported in the period that the receivable is
 
  A. Established.
  B. Written off as uncollectible.
  C. Legally due and payable.
  D. There are no expenditures for the write-off of uncollectible accounts.

Question 3

Indicate the appropriate columns in which the following transaction would be recorded in the cash receipts journal: Cash collected on account from a customer.
 a. Cash DR
  Accounts Receivable CR
   b. Cash DR
  Sales CR
   c. Cash DR
  Other Account CR
   d. Accounts Receivable DR
  Cash CR



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ashely1112

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Answer to Question 1

b

Answer to Question 2

Thank you soo much

Answer to Question 3

a





 

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