1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Scrat [10]
2 years ago
6

The White Company’s accounting system consists of a general journal, a cash receipts journal, a cash disbursements journal, a sa

les journal, and a purchases journal. For each of the following, indicate which journal should be used to record the transaction.
(1) Purchased merchandise on account
(2) Collected an account recheivable
(3) Recorded depreciation expenses
Business
1 answer:
yanalaym [24]2 years ago
7 0

Explanation:

The following transactions should be presented on a respective journals i.e

(1) Purchased merchandise on account = Purchase journal

As the purchase of merchandise is took place that is debited the merchandise inventory account and credited the account payable account

(2) Collected an account receivable = Cash journal as the cash is received

(3) Recorded depreciation expenses = General journal as it records the adjusting entries, or errors made in accounting, etc

You might be interested in
When preparing a statement of cash flows (indirect method), an increase in ending inventory over beginning inventory will result
Rasek [7]
I have to get some gas and I can do that next week if you need gas I can get it done before you leave
8 0
2 years ago
The three major types of economic systems are ________.
sladkih [1.3K]
If i right food water and air
3 0
2 years ago
What are two tasks (out of several) commonly performed by operating systems?
Ludmilka [50]
<span>There are various tasks that are performed by most common operating systems, and are universal across differing computers and other devices. Two important tasks are: managing communication between the software and a system's hardware abd deciding how a computer's memory and storage will be determained.</span>
5 0
3 years ago
How does Wikipedia work? What is different about this operation from other encyclopedias?
Eddi Din [679]
It is different because people actually have the option of correcting the information or putting false things too.
7 0
3 years ago
Read 2 more answers
The act of giving up one thing of value to gain another thing of value is called a/an
Vedmedyk [2.9K]

Answer:

Trade-off. act of giving up one thing of value to gain another. Opportunity Cost. value of the next best alternative you could have chosen. Marginal Benefit.

Explanation:

5 0
2 years ago
Read 2 more answers
Other questions:
  • Why is the digital divide so determined by class?
    15·1 answer
  • A manager states that "HRD must become more strategic." What does this statement mean, and what can HRD professionals do to prac
    14·1 answer
  • At the luxury hotel in miami, florida, three hotel employees serve the needs of each guest. in every room, a guest can summon a
    15·1 answer
  • Clearly establishing responsibilities and assigning all accounting activities to one person is an important principle of interna
    13·1 answer
  • The theory that real shocks to the economy are the primary cause of business cycles is
    13·1 answer
  • Consumers benefit from monopolistic competition by
    12·2 answers
  • Kirkland Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the fir
    7·1 answer
  • What are two services for which you might pay an attorney above the hourly charges?
    11·1 answer
  • What is the best source of information to use when purchasing a new car?
    8·1 answer
  • Consider a firm with an EBIT of $559,000. The firm finances its assets with $1,090,000 debt (costing 6.4 percent) and 209,000 sh
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!