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Author Question: Each of the following transactions would decrease fund balance in the General Fund except A. The ... (Read 69 times)

storky111

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on: Jul 6, 2018
Each of the following transactions would decrease fund balance in the General Fund except
 
  A. The purchase of capital assets.
  B. The principal repayment of long-term debt.
  C. Depreciation.
  D. Salaries and wages.

Question 2

Purchase of merchandise for cash would be recorded in which journal?
 a. Purchase Invoice Journal
   b. Cash Payments Journal
   c. Supplemental Purchasing Journal
   d. General Journal


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ansleighelindsey

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Reply #1 on: Jul 6, 2018
Answer to Question 1

C

Answer to Question 2

b


storky111

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Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

jojobee318

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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