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If a Two Lists (All-Purpose) General Journal, a Revenue Journal

Question 2

Matching

If a two lists (all-purpose) general journal, a revenue journal, and a cash receipts journal are used, select the journal in which each of the following transactions should be recorded:

Premises:

Responses:

Rendering of services on account.

general journal

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

revenue journal

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

cash receipts journal

Investment of additional cash in the business by the owner.

Rendering of services for cash.

Closing of drawing account at the end of the year.

Receipt of cash on account from a customer.

Premises:

Rendering of services on account.

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

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

Investment of additional cash in the business by the owner.

Rendering of services for cash.

Closing of drawing account at the end of the year.

Receipt of cash on account from a customer.

Responses:

general journal

revenue journal

cash receipts journal

Correct Answer:

Premises:

Responses:

Investment of additional cash in the business by the owner.

cash receipts journal

Rendering of services on account.

revenue journal

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

general journal