Business, 15.04.2020 02:54 binkyv15

Identify Journals Assuming the use of a two-column (all-purpose) general journal, a purchases journal, and a cash payments journal, indicate the journal in which each of the following transactions should be recorded: Pick the correct journal from the list. a. Payment of six months’ rent in advance. b. Purchase of an office computer on account. c. Purchase of office supplies on account. d. Adjustment to record depreciation at the end of the month. e. Adjustment to record accrued salaries at the end of the period. f. Purchase of services on account. g. Adjustment to prepaid rent at the end of the month. h. Purchase of office equipment for cash. i. Adjustment to prepaid insurance at the end of the month. j. Purchase of office supplies for cash. k. Advance payment of a one-year fire insurance policy on the office.

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Answer from: Tcutety

Explanation:

A. Payment of six months’ rent in advance : Cash Payments Journal

Explain: Cash Payment Journal is a special journal used to record all transactions on a cash basis.

B. Purchase of an office computer on account: Purchase Journal

Explain: Purchase Journal is a special journal used to record transactions on credit basis

C. Purchase of office supplies on account: Purchase Journal

Explain: Purchase Journal is a special journal use to record transactions on credit basis.

D. Adjustment to record depreciation at the end of the month: General Journal

Explain: General Journal is used to record all types of entries including adjusting entries.

E. Adjustment to record accrued salaries at the end of the period: General Journal

Explain: General Journal is used to record all types of entries including.

F. Purchase of services on account: Purchase Journal

Explain: Purchase Journal is a special journal use to record transactions on credit basis.

G. Adjustment to prepaid rent at the end of the month: General Journal

Explain: General Journal is used to record all types of entries including.

H. Purchase of office equipment for cash: Cash Payments Journal

Explain: Cash Payment Journal is a special journal used to record all transactions on a cash basis.

I. Adjustment to prepaid insurance at the end of the month: General Journal

Explain: General Journal is used to record all types of entries including.

J. Purchase of office supplies for cash: Cash Payments Journal

Explain: Cash Payment Journal is a special journal used to record all transactions on a cash basis.

K. Advance payment of a one-year fire insurance policy on the office: Cash Payments Journal

Explain: Cash Payment Journal is a special journal used to record all transactions on a cash basis.

Answer from: Quest

explanation:

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Answer from: Quest

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Identify Journals Assuming the use of a two-column (all-purpose) general journal, a purchases journa...

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