Help accounting / management homework question! Thank you?

Posted on 2014-04-04 07:08:00 in Accounting by YAYA

1. If a two-column (all-purpose) general journal (GJ), a revenue journal (RJ), a cash receipts journal (CR), a purchase journal (PJ) and a cash payments journal (CP) are used indicate the journal in which each of the following transactions should be recorded: (18 points)



1. Payment of rent.

2. Advance payment of a one-year fire insurance policy on the office

3 Investment of additional cash in the business by the owner.

4 Purchase of supplies on account

5. Rendering of services for cash.

6. Adjustment to record depreciation at the end of the month.

7. Rendering of services on account

8. Purchase of computer on account

9. Receipt of cash on account from a customer.

10. Sale of office supplies for cash, at cost, to a neighboring business.

11. Adjustment to record supplies used at the end of the year.

12. Purchase of supplies for cash.

13. Payment of an account payable.

14. Closing of drawing account at the end of the year.

15. Adjustment to record accrued salaries at the end of the period

16. Owner withdrew cash

17. Company borrows money from bank.

18. Close revenue accounts at month end.

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