If a two-column (all-purpose) general journal, a purchases journal, and a cash payments journal are used, indicatethe journal in which each of the following transactions should be recorded: (a) Payment of rent. (b) Purchase of supplies on account. (c) Purchase of computer on account. (d) Purchase of supplies for cash. (e) Advance payment of a one-year fire insurance policy on the office. (f) Adjustment to record accrued salaries at the end of the period. (g) Adjustment to record depreciation at the end of the month. (h) Payment of an account payable.
Question 2
Elsie owns a small business. At the end of the month, Elsie needed to make adjusting entries to prepare statements on the accrual basis.
Which two of the following six possibilities occurred as a result of each of the following adjustments - an asset increased, an asset decreased, a liability increased, a liability decreased, equity increased, or equity decreased:
a. An accrual for salaries that were due to an employee, but were not paid
b. An adjustment for depreciation on Elsie's store fixtures
c. An adjustment for the expiration of prepaid insurance
d. An accrual for interest earned on a certificate of deposit that had not matured
Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe
Flying Horse Poised on One Leg on a Swallow, from the tomb of Governor-General Zhang at Wuwei, ...
Inhaled General Anesthetics
General structure of a virus.
Right Lateral View of Vertebral Column
A square matrix P is called a permutation matrix if each row and column of P contains exactly ...