90.2K

Verified Solution

Link Copied!

helo asap

Current Attempt in Progress Nguyen Company uses a single-column purchases journal to record transactions with its suppliers. The company uses a multi-column cash payments journal For each of the following transactions, indicate (a) the journal, and (b)the columns in the journal that should be used in recording each transaction (Enter answers in alphabetical order) (b) Columns in the Journal Transactions (a) Journal Dr. CX 1 O o 2 Purchased merchandise on account Issued check for the purchase or merchandise Issued check to VoInc. in payment of an invoice with a 2% discount 0 Cash Payments 3. General Cash Receipts o Sales 4. Issued check to the owner as a cash withdrawal for personal use. Purchases Testhood Current Attempt in Progress Nguyen Company uses a single-column purchases journal to record transactions with its suppliers. The company uses a multi-column cash payments journal For each of the following transactions, indicate (a) the journal, and (b)the columns in the journal that should be used in recording each transaction (Enter answers in alphabetical order) (b) Columns in the Journal Transactions (a) Journal Dr. CX 1 O o 2 Purchased merchandise on account Issued check for the purchase or merchandise Issued check to VoInc. in payment of an invoice with a 2% discount 0 Cash Payments 3. General Cash Receipts o Sales 4. Issued check to the owner as a cash withdrawal for personal use. Purchases Testhood

Answer & Explanation Solved by verified expert

See Answer