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2 years ago

Special journals

Business

1 answer:

nikitadnepr [17]2 years ago

8 0

Answer:

Special journals

Indication of the journal to record a transaction:

Transaction Journal

1. Paid interest on a loan. _____ a cash disbursements journal (CD)

2. Recorded depreciation expense. _____ a general journal (GJ)

3. Purchased furniture for cash. _____ a cash disbursements journal (CD)

4. Purchased merchandise on account. _____ a purchases journal (PJ)

5. Sold merchandise on credit (the sale only, not the cost of the merchandise). _____ a sales journal (SJ)

6. Sold merchandise for cash (the sale only, not the cost of the merchandise). _____ a cash receipts journal (CR)

7. Paid rent. _____ a cash disbursements journal (CD)

8. Recorded accrued interest payable. _____ a general journal (GJ)

9. Paid advertising bill. _____ a cash disbursements journal (CD)

10. Recorded bad debt expense. _____ a general journal (GJ)

11. Sold machinery on credit. _____ a general journal (GJ)

12. Collected cash from customers on account. _____a cash receipts journal (CR)

13. Paid employees wages. _____ a cash disbursements journal (CD)

14. Collected interest on a note receivable. _____ a cash receipts journal (CR)

Explanation:

Journals are used to record business transactions as they occur on a daily basis. The general journal serves all purposes. Special journals records transactions of a specific type, such as sales or purchases.

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Explanation:

Given that,

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Answer:

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Explanation:

What her accounting cost will be during the first year of operation.

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Answer:

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Maintenance phase -

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