Adjustment to prepaid rent at the and of an accounting period.

Cash purchase of equipment.

Purchase of supplies for cash.

Cash collected from customer for sale on account.

Services are purchased on account.

Sales are invoiced to a customer on account.

Depreciation expense for the accounting period is recorded.

Paid insurance annual premium in advance.

Adjusted prepaid insurance account at end of accounting period.

Sale to customer for cash.

A sale of merchandise on credit.

The acceptance of a return of merchandise from a credit customer.

Purchase of goods on credit.

Return of goods to the supplier.

If special journals are used, there is no need to use a general journal.

A major benefit of using special journals is to save time recording and posting transactions.

The sales journal is used to record cash sales.

The purchases journal is used to record all purchases.

The cash payments journal is used to record all cash payments.

Adjusting entries should be recorded in the general journal.

Accounts receivable subsidiary ledgers are posted monthly so that current information is available for each customer.

The journal that is used to record a cash sale is the sales journal.

All individual entries in the sales journal are posted to the general ledger.

In a manual system, summary postings of column totals from special journals are made to appropriate accounts in the general ledger on a periodic basis.

Accounts receivable in the general ledger is an example of a control account.

In a set of accounting records, where would a bookkeeper look to determine the amount due to a particular vendor?

Every transaction recorded in a cash payments journal includes a debit to cash.

Purchase journal is used to record transactions that involve the acquisition of goods or services on account.

Sales journal is used to record transactions that involve the sale of goods or services on account.

The purchases journal is used to record all cash sales.