Multiple Choice Question 108
In the expanded purchases journal, debits are made in which columns?
Accounts Payable, Cash, and Inventor
Inventory, Supplies, and other Accounts
Cash, Supplies, and other Account
Accounts Payable, Inventory, and Supplies
Multiple Choice Question 93
Cross-footing a cash receipts journal means
all necessary postings have been completed.
the equality of debits and credits in the journal have been proved.
each line of the journal has a horizontal total.
the columns of the journal have been cross-referenced
Multiple Choice Question 53
The individual amounts in the sales journal are posted to the accounts receivable subsidiary ledger
Multiple Choice Question 95
Entries in the purchases journal are made
from sales invoices.
from the general journal.
from purchase invoices.
without supporting documentation.
Multiple Choice Question 81
The entry to record the granting of credit to a customer for a sales return is posted to
both the accounts receivable subsidiary ledger and the general ledger.
the general ledger only.
the accounts receivable subsidiary ledger only.
both the accounts payable subsidiary ledger and the general ledger.
Multiple Choice Question 83
If a company records merchandise it returns to suppliers in the general journal, then
a posting must be made only to the accounts payable control account.
a posting must be made only to the accounts payable subsidiary ledger account.
there will be a debit to Inventory.
a dual posting must be made.
Multiple Choice Question 54
A sales journal is used to record
only credit sales of merchandise.
sales of all assets on credit and for cash.
only cash sales of merchandise.
credit sales of merchandise, sales returns and allowances, and sales discounts.
Multiple Choice Question 105
When the totals of the sales journal are posted at the end of the month, there will be credits to
The Sales Revenue account only, and no debits.
Sales Revenue and debits to each individual customer account.
Accounts Receivable and Cost of Goods Sold and debits to Sales Revenue and Inventory.
Sales Revenue and Inventory and debits to Accounts Receivable and Cost of Goods Sold.
Multiple Choice Question 64
All of the column totals in the cash receipts journal are posted to general ledger accounts except the
Cash column total.
Accounts Receivable column total.
Sales column total.
Other Accounts column total.
Multiple Choice Question 75
Debit postings to the individual accounts in an accounts receivable subsidiary ledger generally come
cash payments journal.
cash receipts journal.
Purchase answer to see full attachment