This topic contains a solution. Click here to go to the answer

Author Question: Indicate the appropriate columns in which the following transaction would be recorded in the cash ... (Read 106 times)

jayhills49

  • Hero Member
  • *****
  • Posts: 559
Indicate the appropriate columns in which the following transaction would be recorded in the cash payment journal: Paid rent for the month of January.
 a. Accounts Payable DR
  Cash CR
   b. Other Accounts DR
  Cash CR
   c. Cash DR
  Other Accounts CR
   d. Cash DR
  Accounts Payable CR

Question 2

General Fund expenditures for uncollectible accounts receivable should be reported in the period that the receivable is
 
  A. Established.
  B. Written off as uncollectible.
  C. Legally due and payable.
  D. There are no expenditures for the write-off of uncollectible accounts.

Question 3

Indicate the appropriate columns in which the following transaction would be recorded in the cash receipts journal: Cash collected on account from a customer.
 a. Cash DR
  Accounts Receivable CR
   b. Cash DR
  Sales CR
   c. Cash DR
  Other Account CR
   d. Accounts Receivable DR
  Cash CR



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ashely1112

  • Sr. Member
  • ****
  • Posts: 347
Answer to Question 1

b

Answer to Question 2

Thank you soo much

Answer to Question 3

a





 

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?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

For a complete list of videos, visit our video library