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    Harvard university
    Feb-1997 - Aug-2003

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Category > Accounting Posted 21 Apr 2017 My Price 9.00

cash payments

20.) Which of the following would not be an appropriate heading for a column in the cash payments journal?

Accounts Receivable

Cash

Accounts Payable

Merchandise Inventory

 

18.)The entries in a sales journal will show

all sales of merchandise.

the cash sales of the company.

the credit sales of merchandise.

all sales of the company.

 

17.)One characteristic that all entries recorded in a multi-column cash receipts journal have in common is a

debit to Accounts Receivable.

credit to Sales.

debit to Cash.

credit to Cash.

 

15.)Journalizing in a sales journal will require

a debit to Accounts Receivable.

a debit to Sales.

a debit to Cash.

a debit to Revenue.

 

14.)A purchase made on credit will be recorded in the

sales journal.

general journal.

cash payment journal.

purchase journal.

 

9.)Thompson’s Wholesale uses a sales journal. An entry in this journal would include

debit to Cash; credit to Sales.

debit to Accounts Receivable; credit to Sales

debit to Sales Discounts; credit to Cash.

debit to Accounts Payable; credit to Sales Returns and Allowances.

 

6.) The one characteristic that all entries recorded in a cash receipts journal have in common is

a credit to the cash account.

that they all represent collections from customers.

that they originate from the sales of merchandise.

a debit to the cash account.

Answers

(15)
Status NEW Posted 21 Apr 2017 01:04 AM My Price 9.00

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