Author Question: A cash payments journal would notinclude a a. Cash credit column b. Sales Discounts credit column ... (Read 96 times)

NClaborn · **on:** Jul 5, 2018

A cash payments journal would notinclude a
a. Cash credit column
b. Sales Discounts credit column
c. Accounts Payable debit column
d. Other Accounts debit column

Question 2

Describe the adjustment or adjustments needed to prepare government-wide financial statements from the city's calendar year 2012 fund-level financial statements

a. No adjustments are needed
b. Record capital assets, and record six months' depreciation (10,000)
c. Record capital assets, reduce capital outlay expenditures, and record six months' depreciation (11,667)
d. Record capital assets, reduce capital outlay expenditures, and record six months' depreciation (10,000)