If a two-column (all-purpose) general journal, a revenue journal, and a cash receipts journal are used, indicate thejournal in which each of the following transactions should be recorded: (a) Investment of additional cash in the business by the owner. (b) Rendering of services for cash. (c) Rendering of services on account. (d) Receipt of cash on account from a customer. (e) Sale of office supplies for cash, at cost, to a neighboring business. (f) Adjustment to record supplies used at the end of the year. (g) Closing of drawing account at the end of the year.
Question 2
These transactions relate to Rudy's Garage, an auto repair shop.
Which two of the following six possibilities occurred as a result of each transaction - an asset increased, an asset decreased, a liability increased, a liability decreased, equity increased, or equity decreased:
a. Rudy bought 5 batteries on credit. He put the batteries in inventory
b. Rudy did a repair job for a customer, who paid in cash
c. In doing the repair job, Rudy used one of the batteries he had bought in transaction a
A general hospital
General adaptation syndrome.
A general model of the sensorimotor system. Notice its hierarchical structure, functional ...
Distillation column with heat pump
What is the pKa and general acid strength of formic acid if its conjugate base form has a pKb ...
General Mathematics