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If a two-column
(all-purpose) general journal, a revenue journal, and a cash receipts journal are used, indicate the journal in which each of the following transactions should be recorded:
(a)Investment of additional cash in the business by the owner
(b)Rendering of services for cash
(c)Rendering of services on account
(d)Receipt of cash on account from a customer
(e)Sale of office supplies for cash, at cost, to a neighboring business
(f)Adjustment to record supplies used at the end of the year
(g)Closing of drawing account at the end of the year
Construe Events
Interpreting or making sense of events by assigning meanings and significance to them.
Dissimilarities
The state or condition of not being alike, illustrating differences between entities in various aspects.
Mutually Exclusive
A condition or situation in which the occurrence of one event or state precludes the occurrence of another.
Human Nature
The general psychological characteristics, feelings, and behavioral traits shared by all humans.
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