Author Question: Column titles for a cash receipts journal may be a. Cash Debit, Sales Discounts Debit, Sales ... (Read 77 times)

karen

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Column titles for a cash receipts journal may be
 a. Cash Debit, Sales Discounts Debit, Sales Credit, Accounts Receivable Credit, and Other Accounts Debit.
   b. Cash Debit, Sales Discounts Debit, Sales Credit, Accounts Receivable Credit, and Other Accounts Credit.
   c. Cash Debit, Sales Discounts Credit, Sales Credit, Accounts Receivable Debit, and Other Accounts Credit.
   d. Cash Debit, Sales Discounts Debit, Sales Debit, Accounts Receivable Credit, and Other Accounts Credit.
   e. Cash Credit, Accounts Receivable Credit, and Other Accounts Debit.

Question 2

A local industry donated one of its properties to the local school district. The school district plans to convert it to needed classroom space. In the year of the donation, the transaction will affect
 
  a. the government-wide statements only.
  b. the General Fund.
  c. the General Fund and General Capital Assets accounts.
  d. the General Fund, the General Capital Assets accounts, and the government-wide financial statements.
  e. the General Capital Assets accounts and the government-wide financial statements.



jaygar71

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Answer to Question 1

b

Answer to Question 2

E



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