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
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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.
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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.
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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.
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14.)A purchase made on credit will be recorded in the
sales journal.
general journal.
cash payment journal.
purchase journal.
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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.
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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
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Posted 21 Apr 2017 01:04 AM
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