CASH PAYMENTS JOURNAL Page 46 Other Accounts Ck. Post. Accounts Dr. Payable Dr. Date No. Account Debited Ref. Cash Cr. 20Υ1 (a) July 3 Energy Systems Co. Utilities Expense 611 4,000 4,000 612 (b) 310 310 Prepaid Rent (c) 10 613 3,200 3,200 Flowers to Go, Inc. 614 (d) 16 1,250 1,250 Advertising Expense Office Equipment (e) 640 19 615 640 (f) 22 616 3,600 3,600 Echo Co. (g) 5,500 25 617 5,500 Office Supplies Salaries Expense (h) 250 250 26 618 (i) 1,750 31 619 1,750 20,500 31 9,750 10,750 (j) (k) (1)

Give typing answer with explanation and conclusion

A(n) electronic _____ is the electronic exchange of money or scrip. a. cash transfer b. array c. payment d. exchange

Match each of the numbered descriptions with the term, title, or phrase that it best reflects. Indicate your answer by entering the letter A through J in the blank provided. A. General journal B. Special journal C. Subsidiary ledger D. Accounts receivable ledger E. Accounts payable ledger F. Controlling account G. Sales journal H. Cash receipts journal I. Purchases journal J. Cash payments journal 1. Used to record all cash payments. 2. Used to record all credit purchases. 3. Used to record all receipts of cash. 4. Used to record sales of inventory on credit. 5. Stores transaction data of individual customers. 6. Stores transaction data of individual suppliers. 7. Account that is said to control a specific subsidiary ledger. 8. Contains detailed information on a specific account from the general ledger. 9. Used to record and post transactions of similar type. 10. All-purpose journal in which any transaction can be recorded.

A prenumbered document that tells the bank to pay the designated party a specific amount is a A. check B. deposit ticket C. routing number D. remittance advice

In maintaining the accounts receivable, the method that applies a customer’s payment to the account balance without consideration of which unpaid invoices the customer is paying is: TurnaroundOpen-invoice Balance-forwardCycle billingMatching

Which of the following documents associated with the purchases and cash disbursements cycle is most likely to lead to a journal entry that debits inventory and credits accounts payable? A Purchase requisition, purchase order and receiving report B Purchase order, receiving report and invoice C Purchase requisition, receiving report and invoice D None of these