Assuming the use of a two-column (all-purpose) general journal, a purchases journal, and a cash payments journal as illustrated in this chapter, indicate the journal in which each of the following transactions should be recorded:
a. Payment of six months’ rent in advance.
b. Purchase of an office computer on account.
c. Purchase of office supplies on account.
d. Adjustment to record depreciation at the end of the month.
e. Adjustment to record accrued salaries at the end of the period.
f. Purchase of services on account.
g. Adjustment to prepaid rent at the end of the month.
h. Purchase of office equipment for cash.
i. Adjustment to prepaid insurance at the end of the month.
j. Purchase of office supplies for cash.
k. Advance payment of a one-year fire insurance policy on the office.
Answer:
a. Cash payments journal
b. Purchases journal
c. Purchases journal
d. General journal
e. General journal
f. Purchases journal
g. General journal
h. Cash payments journal
i. General journal
j. Cash payments journal
k. Cash payments journal