Activity 1.1 Cash Receipts Journal or Cash Payments Journal?
5 minutes
For each of the followi...
Business, 13.05.2021 14:00 leledaisy1994
Activity 1.1 Cash Receipts Journal or Cash Payments Journal?
5 minutes
For each of the following transactions, indicate whether the amounts would be entered into
the Cash Receipts Journal or the Cash Payments Journal.
1. A cleaning company received cash from a customer for services provided
2. Owner of a business deposited capital contribution in the business bank account
3. Cheque cashed to buy office supplies
4. Cash received in the cash register from the day's sales
5. Service materials purchased by electronic funds transfer
6. Loan received from the bank
7. Salaries paid by Internet banking
8. Cheque received from a customer in payment of her account.
Answers: 1
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