Author Question: Column titles for a cash receipts journal may be a. Cash Debit, Sales Discounts Debit, Sales ... (Read 197 times)

karen

  • Hero Member
  • *****
  • Posts: 537
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

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

b

Answer to Question 2

E



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

For a complete list of videos, visit our video library