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Zielflug [23.3K]
3 years ago
8

If a two-column (all-purpose) general journal, a revenue journal, and a cash receipts journal are used, indicate the journal in

which each of the following transactions should be recorded: (a) Investment of additional cash in the business by the owner.(b) Rendering of services for cash.(c) Rendering of services on account.(d) Receipt of cash on account from a customer.(e) Sale of office supplies for cash, at cost, to a neighboring business. (f) Adjustment to record supplies used at the end of the year.(g) Closing of drawing account at the end of the year.
Business
1 answer:
Nutka1998 [239]3 years ago
3 0

Answer:

Explanation:

A. Investment of additional cash into the business by owner is recorded in the general Journal

B. Rendering service for cash is recorded in the cash receipt Journal

C. Rendering of service on account is recorded in the revenue journal

D. Receipt of cash on account from a customer is recorded in the cash receipt Journal

E. Sale of office supplies for cash, at cost, to a neighboring business is recorded in the general journal

F. Adjustment to record supplies used at the end of the year is recorded in the general journal

G. Closing of drawing account at the end of the year is recorded in the general journal

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Dr. Shetty is able to drive down the cost of complex medical procedures from $100,000 to $2,000 not by doing one big thing, but
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C. Process Innovation.

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Suppose that in your first year of college you spend $31,300.00 more than you eam. In your second year, your expenses increase a
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Read 2 more answers
a 17-year annuity pays $1,100 per month, and payments are made at the end of each month. The interest rate is 16 percent compoun
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Answer:

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Placing values in the formula

Present value of annuity = ( $1,000 x 46.10028344 ) + [ ( $1,000 x 70.0471029820 ) x 0.385329554163 ]

Present value of annuity = $46,100.28 + $26,991.22

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