5 JOURNALS REVIEW QUIZ

A business paper from which information is obtained for a journal entry. Mark only one oval.

• Document

• Bank Document

• Source Document

• Source Statement

The name given to an account. Mark only one oval.

• Accounting Procedures

• Account Title

• Account Balance

• Account Norms

A form on which a brief message is written describing a transaction. Mark only one oval.

• Invoice

• Calculator Tape

• Memorandum

• Journal

A journal used to record only one kind of transaction is called a _______________. Mark only one oval.

• General Amount Journal

• Journal Document

• Special Journal

• Journal

Which journal is used for all purchases of merchandise on account? Mark only one oval.

• Purchases journal

• Cash payments journal

• Sales journal

• Cash receipts journal

• General Journal

Which journal is used for all sales of merchandise on account transactions? Mark only one oval.

• Purchases journal

• Cash payments journal

• Sales journal

• Cash receipts journal

• General Journal

On December 12, a company purchased $22,000 worth of merchandise on account from a supplier. Which journal would we use? Mark only one oval.

• Purchases journal

• Cash payments journal

• Sales journal

• Cash receipts journal

• General Journal

On September 21, the business paid $3000 cash for office supplies. Which journal would we use? Mark only one oval.

• Purchases journal

• Cash payments journal

• Sales journal

• Cash receipts journal

• General Journal

On July 15, we sold $2,560 worth of merchandise on account to a customer. Which journal would we use? Mark only one oval.

• Purchases journal

• Cash payments journal

• Sales journal

• Cash receipts journal

• General Journal

On December 31, a customer paid $1,100 in cash for merchandise previously sold on account. Which journal would we use? Mark only one oval.

• Purchases journal

• Cash payments journal

• Sales journal

• Cash receipts journal

• General Journal