Special Journal Transactions Exam Study
Guide.
Paid cash for rent - answerCP journal
Debit Rent Expense
Credit Cash
Paid cash for electric bill - answerCP journal
Debit Utilities Expense
Credit Cash
Received cash on account from Clegg Medical Center, less 2% discount - answerCR journal
Deb...
Recorded cash and credit card sales, plus sales tax - answer✔CR journal
Debit Cash
Credit Sales
Credit Sales Tax Payable
Sold merchandise on account to Glenmore School. - answer✔S Journal
Debit A/R--Glenmore School
Credit Sales
No sales tax (tax-exempt)
Received cash on account from Treet Retirement Home - answer✔CR journal
Debit Cash
Credit A/R--Treet Retirement Home
Bought office supplies on account from Cross Office Supply - answer✔G journal
Debit Office Supplies
Credit A/P--Cross Office Supply
Purchased merchandise on account from Ogden Instruments, less 40% trade discount - answer✔P
journal
Debit Purchases
Credit A/P--Ogden Instruments
trade discounts don't affect transactions
Bought store supplies on account from Ziegler, Inc. - answer✔G journal
Debit Store Supplies
Credit A/P--Ziegler, Inc.
Paid cash for office supplies - answer✔CP journal
Debit Office Supplies
Credit Cash
Purchased merchandise on account from Spencer Industries - answer✔P journal
Debit Purchases
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Thebright. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
