journal entry 1. purchased laptop equipment on account 2. purchased merchandise on account 3. sold merchandise on cash basis 4. paid meraco, maynilad and converge bills 5.paid salaries of emplyees.
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1. purchased laptop equipment on account
2. purchased merchandise on account
3. sold merchandise on cash basis
4. paid meraco, maynilad and converge bills
5.paid salaries of emplyees.
debit, credit, revenue text answer.
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- You just posted a credit to Accounts Receivable. Which special journal did it come from? A. sales journal B. cash receipts journal C. purchases journal D. cash disbursements journal E. general journalA customer just charged $150 of merchandise on the companys own charge card. Which special journal would the company use to record this transaction? A. sales journal B. purchases journal C. cash receipts journal D. cash disbursements journal E. general journalYou just posted a credit to Sales and a debit to Cash. Which special journal did it come from? A. sales journal B. cash receipts journal C. purchases journal D. cash disbursements journal E. general journal
- You just posted a debit to ABC Co. in the accounts receivable subsidiary ledger. Which special journal did it come from? A. sales journal B. cash receipts journal C. purchases journal D. cash disbursements journal E. general journalYou returned damaged goods you had previously purchased from C.C. Rogers Inc. and received a credit memo for $250. Which journal would your company use to record this transaction? A. sales journal B. purchases journal C. cash receipts journal D. cash disbursements journal E. general journalSold goods for $650 cash. Which journal would the company use to record this transaction? A. sales journal B. purchases journal C. cash receipts journal D. cash disbursements journal E. general journal
- A customer just charged $150 of merchandise using MasterCard. Which special journal would the company use to record this transaction? A. sales journal B. purchases journal C. cash receipts journal D. cash disbursements journal E. general journalFor each of the transactions, state which special journal (sales journal, cash receipts journal, cash disbursements journal, purchases journal, or general journal) and which subsidiary ledger (Accounts Receivable, Accounts Payable, or neither) would be used in recording the transaction. A. Paid utility bill B. Sold inventory on account C. Received but did not pay phone bill D. Bought inventory on account E. Borrowed money from a bank F. Sold old office furniture for cash G. Recorded depreciation H. Accrued payroll at the end of the accounting period I. Sold inventory for cash J. Paid interest on bank loanAn unhappy customer just returned $50 of the items he purchased yesterday when he charged the goods to the companys store credit card. Which special journal would the company use to record this transaction? A. sales journal B. purchases journal C. cash receipts journal D. cash disbursements journal E. general journal
- If a customer pays with a credit card and the service has been provided, which of the following accounts will be used to record the sales entry for this transaction? A. Cost of Goods Sold, Merchandise Inventory, Sales Revenue B. Sales Revenue, Credit Card Expense, Accounts Receivable C. Accounts Receivable, Merchandise Inventory, Credit Card Expense D. Cost of Goods Sold, Credit Card Expense, Sales RevenueClassification: Classify the normal balance of each account. Write “Dr” for normaldebit balance and “Cr” for normal credit balance. Write your answer on a clean sheetof paper.1. Sales Discount2. Freight-out3. Purchases4. Allowance for doubtful Accounts5. Accounts Payable6. Unearned Sales Revenue7. Salaries Expense8. Accrued Utilities Expense9. Store Supplies Used10. Store Furniture and FixturesUsing accrual accounting, what journal entry will Almost the Best Buy record when a customer purchases a gift card? Group of answer choices A. Debit Cash; Credit Unearned Revenue B. Debit Unearned Revenue; Credit Cash C. Debit Cash; Credit Sales Revenue D. Debit Accounts Receivable; Credit Cash