Which statement is true?
A) All purchases should be recorded in a purchases journal.
B) Closing and reversing entries will be found in the sales journal.
C) Returned merchandise from a customer should be entered in the sales journal.
D) All cash sales should be recorded in the cash receipts journal.
D
You might also like to view...
What was the adjusted book balance?
The following information is needed to reconcile the cash balance for Discount Dry Cleaning Company. * A deposit of $5,600 is in transit. * Outstanding checks total $1,400. * The book balance is $6,000 at February 28, 2019. * The bookkeeper recorded a $1,600 check as $17,400 in payment of the current month's rent. * The bank balance at February 28, 2019 was $17,130. * A deposit of $300 was credited by the bank for $3,000. * A customer's check for $3,100 was returned for nonsufficient funds. * The bank service charge is $70. A) $18,700 B) $17,200 C) $18,630 D) $18,770
Which of the following statements is the best example of a minor-points close?
A. "So you really like the fabric color and texture as well as the shape and size of that sofa?" B. "I'll have that new mattress delivered to your house on Wednesday." C. "If you don't buy this chair today, you may never be able to buy it. I have another customer who is planning on buying it tomorrow if it is still in stock." D. "Your appreciation of that lamp just confirms my opinion of your impeccable tastes." E. "Do you want those pillows in maroon or ebony?"
This is an example of a _____________ pronoun
a. personal b. interrogative c. relative d. demonstrative
A guarantor can be required to pay an obligation only after the principal debtor defaults.
Answer the following statement true (T) or false (F)