If a Two-Column

question 44

Essay

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:

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Definitions:

Employee

An individual who works part-time or full-time under a contract of employment, providing labor to an employer in return for wages or salary.

Management Functions

Activities such as planning, organizing, leading, and controlling that are performed by management to efficiently and effectively coordinate the work of an organization.

Planning

The process of making plans for something, including setting goals and determining the means to achieve them.

Organizing

The act of arranging elements following one or multiple logics with the aim to reach a specific goal or manage a system of complexity.