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Author Question: The cash payments journal is used for transactions involving a. credits to Cash, regardless of the ... (Read 118 times)

erika

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The cash payments journal is used for transactions involving
 a. credits to Cash, regardless of the offsetting debits.
   b. credits to Cash but not affecting subsidiary ledgers.
   c. a debit to Cash and credits to other accounts.
   d. a debit to Cash and debits or credits to other balance sheet accounts.
   e. a credit to Cash and a debit to income statement accounts.

Question 2

The General Fund beginning materials and supplies inventory was 122,000; the ending balance was 150,000 . Supplies received during the year (purchases) totaled 600,000 .
 
  The county uses the purchases method, so General Fund expenditures for materials and supplies for the year were
  a. 450,000
  b. 572,000
  c. 600,000
  d. 628,000



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eliasc0401

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Answer to Question 1

a

Answer to Question 2

C




erika

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Reply 2 on: Jul 6, 2018
Gracias!


Sarahjh

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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