For Each of the Following Transactions,state Which Special Journal Should

question 151

Essay

For each of the following transactions,state which special journal should be used to record the transaction.In addition,state which columns will be used.
Transaction 1: Freeworld Co.paid $1,500 for monthly utilities,on the date the bill was received.
Which special journal?
Which columns are used to record the transaction?
Transaction 2: Wideworld Co.purchased office supplies on account.
Which special journal?
Which columns are used to record the transaction?
Transaction 3: Wonderworld Co.sold $5,000 of merchandise inventory to A.Allen,on account.The cost of the merchandise inventory was $3,200.The company uses a perpetual inventory system.
Which special journal?
Which columns are used to record the transaction?
Transaction 4: Oneworld Co.borrowed $10,000 from World National Bank.
Which special journal?
Which columns are used to record the transaction?

---

Definitions:

Cognitive Behavioral Intervention

A psychological treatment methodology that aims to change patterns of thinking or behavior that are causing people's difficulties, thereby changing the way they feel.

Depression

A common but serious mood disorder that affects how a person feels, thinks, and handles daily activities.

Coronary Artery Plaque

A buildup of substances, including cholesterol and fat, on the inner walls of the coronary arteries, which can reduce blood flow to the heart muscle.

Dean Ornish

A physician known for promoting lifestyle changes to improve health and reverse certain chronic diseases, especially heart disease.