A revenue journal b cash receipts journal c general

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A. Revenue journal B. Cash Receipts journal C. General journal D. Purchases journal 86. Subsidiary ledgers A. are used only for Accounts Payable and Accounts Receivable B. may be used for various ledger accounts C. may be used for only for the Cash account D. are never used for more than four accounts 87. Some of the more common subsidiary ledgers are: A. Accounts Payable, Accounts Receivable, and Owner’s Equity subsidiary ledgers. B. Accounts Receivable and Accounts Payable subsidiary ledgers. C. Accounts Receivable, Accounts Payable, Cash, Checking, Petty Cash, and Owner’s Equity subsidiary ledgers. D. Cash and Owner’s Equity subsidiary ledgers.
88. If the individual subsidiary ledger accounts of Accounts Receivable and Accounts Payable contained the following data: Cadence Company - Vendor - $250 credit balance Franklin Enterprises - Customer - $750 debit balance Marcelo Construction - Client - $125 - debit balance Peyton Supplies - Supplier - $375 - credit balance The Accounts Receivable (A/R) controlling account and the Accounts Payable (A/P) controlling account balances would be: A. A/R - $1,000, A/P - $500 B. A/R - $625, A/P - $875 C. A/R - $875, A/P - $625 D. A/R - $750, A/P - $750 89. Which of the following is not considered a special journal? A. purchases journal B. cash receipts journal C. general journal D. cash payments journal 90. Which of the following journals is called an all-purpose journal? A. General journal B. Purchases journal C. Revenue journal D. Accounting journal 91. Which of the following is true about the revenue journal? A. cash revenues and revenues on account are recorded in the revenue journal B. only cash revenues are recorded in the revenue journal C. only revenues on account are recorded in the revenue journal D. unearned revenues are also recorded in the revenue journal 92. The cash receipts journal will be used for A. only cash received from customers on account. B. all cash received. C. cash received from customers on account and cash sales. D. only cash received from cash sales.
93. An “Accounts Receivable Subsidiary Ledger” report shows A. revenues by customer for a specified date range. B. cash receipts by customer for a specified date range. C. cash payments to creditors for a specific date range. D. sales by customer as of a specific date. 94. A cash investment made by the owner should be recorded on the A. cash receipts journal B. purchases journal C. cash payments journal D. revenue journal 95. A withdrawal of cash made by the owner will be found in the A. cash receipts journal B. cash payments journal C. revenue journal D. purchases journal 96. An owner transfers a personal automobile to the company with a fair market value of $12,000. The entry will be made in the A. purchases journal B. cash payments journal C. cash receipts journal D. general journal 97. In which journal would adjusting entries be found?

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