Assuming the use of special journals the sale of

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28.Question: Assuming the use of special journals, the sale of equipment in exchange for a promissory note would be recorded in the_______. Your Answer:sales journalINCORRECTcash payments journal cash receipts journalgeneral journalCORRECT ANSWER
Points Received:0 of 1Comments:29.Question: Assuming the use of special journals, the sale of merchandise to Jerri Blackwell on account would be recorded in the_______.
Points Received:1 of 1Comments:30.Question: Assuming the use of special journals, the sale of merchandise to Landon Browning for cash would be recorded in the_______.
Points Received:1 of 1Comments:31.Question: The receipt of a note receivable in exchange for equipment would be recorded in the_______.
Points Received:0 of 1Comments:32.Question: Assuming the use of special journals, the borrowing of $80,000 from the bank by signing a note payable would be recorded in the_______. Your cash receipts journalCORRECT9/7/2008...
Page 6 of 10SHANNA HAWXHURST: Week 7 Quiz
Points Received:1 of 1Comments:33.Question: Gere Company returned defective supplies and received a cash refund. Assuming the use of special journals, this entry would be recorded in the_______.
Points Received:0 of 1Comments:34.Question: Clooney Enterprises returned office supplies to the dealer and received a full cash refund. Assuming the use of special journals, this entry would be recorded in the_______.
Points Received:0 of 1Comments:35.Question: Which of the following transactions are recorded in the purchases journal? Your Answer:purchase of store supplies for cashpurchase of inventory on accountCORRECTpurchase of inventory for cashreturn of supplies purchased on account
Points Received:1 of 1Comments:36.Question: A purchase of supplies for cash is recorded in the_______.
Points Received:1 of 1Comments:37.Question: Currie Enterprises paid a creditor on account. Assuming the use of special journals, this entry would be recorded in the_______.
CORRECTPage 7 of 10SHANNA HAWXHURST: Week 7 Quiz9/7/2008...
Points Received:1 of 1Comments:

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