Te fats domino company uses a two-column general journal

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Reference no: EM13577722

The Fats Domino Company uses a two-column general journal , a cash recipts journal, a cash payments journal, a sales journal and a purchases journal . For each example given below, indicate which journal the following transactions should be recorded in.

a) Initial Investment of cash by Fats Domino into the business

b) Paymentof three months rent in advance

c) Receipt of cash from sale of office equipmet

d) Fats Domino provided services and received cash

e) Adjustment to prepaid rent at the end of the current period

f) Purchase of office supplies for cash

g) Closing of the drawing account at the end of the current period

h) Fats Domino provided services on account

i) Purchase of an office computer on account

j) Receipt of cash on account from a customer

Reference no: EM13577722

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