List the four most common special journals used in accounting and ...

[berenicecastro]

List the four most common special journals used in accounting and describe the transactions recorded in eachjournal.

Question 2

Which of the following accounts is increased with debits?
 
  a. assets and liabilities
  b. liabilities and equity
  c. assets and expenses
  d. liabilities and expenses

[memslove]

Answer to Question 1

Purchases journal - for purchases made on accountRevenue journal - for sales made on account
Cash receipts journal - for all cash receipt transactionsCash payment journal - for all cash payment transactions

Answer to Question 2

c

[berenicecastro]

Thanks for the timely response, appreciate it

[olderstudent]

Wow, this really help