Ask questions and get helpful answers.

A company uses a sales journal, purchases journal, cash receipts journal, cash disbursements journal, and general journal. A perpetual inventory system is used. The following transactions were completed by the company during the current month of October:



Record these transactions in the appropriate journal shown below.

  1. 👍
  2. 👎
  3. 👁
  4. ℹ️
  5. 🚩

2 answers

  1. We see no journal below?

    Sra

    1. 👍
    2. 👎
    3. ℹ️
    4. 🚩
  2. When recording the following transactions in general journal entry form.

    1. Issused common stock for $5,000 cash.
    2. Borrowed $4,000 cash from a Local Bank.
    3. Ourchased $500 of supplies on account.
    4. Recognized revenue of $18,000 for services provided on account.
    5. Paid $3,900 cash for salaries expense.
    6. Paid $2,400 cash in advance for a one-year lease to rent office space.
    7. Purchased $3,500 of office furniture on account.
    8. Received $1,800 cash for services to be performed in the future.
    9. Collected $3,000 cash from accounts receivable.
    10. Paid $1,200 cash for utilities.

    1. 👍
    2. 👎
    3. ℹ️
    4. 🚩

Answer this Question

Related Questions

Still need help?

You can ask a new question or browse existing questions.