Assuming the use of a two-column (all-purpose) general journal, a purchases journal, and a cash payments journal as illustrated in this chapter, indicate the journal in which each of the following transactions should be recorded:
a. Adjustment to prepaid insurance at the end of the month.
b. Purchase of office equipment for cash.
c. Advance payment of a one-year fire insurance policy on the office.
d. Purchase of office supplies for cash.
e. Adjustment to record accrued salaries at the end of the period.
f. Adjustment to prepaid rent at the end of the month.
g. Purchase of office supplies on account.
h. Purchase of services on account.
i. Purchase of an office computer on account.
j. Payment of six months’ rent in advance.
k. Adjustment to record depreciation at the end of the month.
Answer:
a. General journal
b. Cash payments journal
c. Cash payments journal
d. Cash payments journal
e. General journal
f. General journal
g. Purchases journal
h. Purchases journal
i. Purchases journal
j. Cash payments journal
k. General journal