Circle the Correct Answer to Each Situation (B) a Single-Column Purchases Journal Will Be Used For

question 29

Short Answer

Circle the correct answer to each situation.
-(a) A sales journal will be used for:

$\begin{array}{llll} \text {Credit \quad Sales} & \text { Cash \quad Sales } &\text {Sales \quad Returns } \\\text {Yes \quad \quad No} &\text { Yes\quad \quad No} &\text { Yes \quad\quad No}\end{array}$
(b) A single-column purchases journal will be used for:

$\begin{array}{lcccc}\text { Cash \quad Purchases } & \text { Purchases \quad on Account } & \text { Purchase\quad Discounts } \\\text { Yes\quad \quad No } & \text { Yes \quad \quad No } & \text { Yes\quad \quad No}\end{array}$

(c) A multi-column purchases journal will be used for:

$\begin{array}{llll} &\text {Supplies Purchased}&\text {Equipment Purchased}\\\text {Cash Purchases} &\text { on Account } &\text { on Account } \\\text {Yes\quad \quad No} &\text { Yes \quad \quad No} & \text {Yes\quad \quad No}\end{array}$


(d) A cash payments journal will be used for:
$\begin{array}{lll} \text {Payments to} & \text {Purchases }&\text { Owner Cash } \\\text {Creditors} &\text { Discounts} & \text {Investment} \\\text {Yes\quad \quad No} &\text { Yes\quad \quad No }&\text { Yes\quad \quad No}\end{array}$



(e) A cash receipts journal will be used for:

$\begin{array}{lcccc} \text { Owner Cash }\\ \text {Withdrawals} & \text {Purchases Discounts } & \text {Cash Sales } \\\text {Yes\quad \quad No} & \text {Yes\quad \quad No} &\text { Yes\quad \quad No}\end{array}$

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Definitions:

Deep Palmar

Pertaining to the deep structures within the palm of the hand, often referring to the area beneath the tendons that impact hand movement and grip.

Arterial System

The network of arteries within the body that carries oxygenated blood away from the heart to various tissues and organs.

High-Pressure System

A meteorological term indicating an area of high atmospheric pressure, typically associated with calm, dry weather.

Large-Diameter Vessels

Blood vessels with a relatively wide diameter, such as arteries and veins, important for the circulation of blood.