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 108 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?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

For a complete list of videos, visit our video library