Author Question: Column titles for a cash receipts journal may be a. Cash Debit, Sales Discounts Debit, Sales ... (Read 112 times)

karen

  • Hero Member
  • *****
  • Posts: 537
Column titles for a cash receipts journal may be
 a. Cash Debit, Sales Discounts Debit, Sales Credit, Accounts Receivable Credit, and Other Accounts Debit.
   b. Cash Debit, Sales Discounts Debit, Sales Credit, Accounts Receivable Credit, and Other Accounts Credit.
   c. Cash Debit, Sales Discounts Credit, Sales Credit, Accounts Receivable Debit, and Other Accounts Credit.
   d. Cash Debit, Sales Discounts Debit, Sales Debit, Accounts Receivable Credit, and Other Accounts Credit.
   e. Cash Credit, Accounts Receivable Credit, and Other Accounts Debit.

Question 2

A local industry donated one of its properties to the local school district. The school district plans to convert it to needed classroom space. In the year of the donation, the transaction will affect
 
  a. the government-wide statements only.
  b. the General Fund.
  c. the General Fund and General Capital Assets accounts.
  d. the General Fund, the General Capital Assets accounts, and the government-wide financial statements.
  e. the General Capital Assets accounts and the government-wide financial statements.



jaygar71

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

b

Answer to Question 2

E



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

For a complete list of videos, visit our video library