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A company entered into the following transactions. For each transaction, indicate the appropriate journal in which it should be recorded.
a. Sales Journal
b. Purchases Journal
c. Cash Receipts Journal
d. Cash Disbursements Journal
e. General Journal
_____ 1. Purchased merchandise on credit.
_____ 2. Sold merchandise on credit.
3. Purchased merchandise for cash.
_____ 4. Sold merchandise for cash.
_____ 5. Paid cash to settle the utility bill.
_____ 6. Owner invested more cash in the business.
_____ 7. Recorded depreciation for the period.
_____ 8. Borrowed cash from the bank.
9. Bought office supplies on credit.
10. Received cash from a customer to settle an account receivable.
Perceptual Constancy
The ability of the perceptual system to recognize objects as having constant properties (size, shape, color) even when sensory input varies.
Retinal Images
The projections of visual stimuli on the retina, the light-sensitive layer at the back of the eye, which are then processed by the brain to create visual perception.
Gestalt Principles
Theories in psychology that propose humans naturally perceive objects as organized patterns and wholes, rather than their separate components.
Simplicity
The quality or condition of being easy to understand or do, often characterized by clarity, purity, or uncomplicatedness.
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