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 87 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?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

For a complete list of videos, visit our video library