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 109 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?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

For a complete list of videos, visit our video library