0
no
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
Payment made out of drawing by owner what journal entry passed?
Debit drawings accountCredit cash
What entries are posted to the cash payment journal and not the general journal?
Are the payment for cash(people who came and buy for cash ) Any entry can be posted into the general journal. It is really messy and long to post the stuff in the sales, sales returns and allowances, purchases and purchases returns and allowances jounal into the general jounal so those journals are created to make things easier. So basically, any entries that are posted to the cash payments journal can be posted to the general journal.
What is difference between a cash payment journal and a purchases journal?
a cash payment journal is used to record only cash payment transactions where as the purchases journal is used to record ONLY purchases on account transactions
A purchase of supplies for cash is recorded in the?
cash payment journal
Cash loaned to the company by a shareholder would be posted to the what Journal before being posted to the General Ledger.?
Cash
The total of the cash disbursements column of the cash disbursements journal is posted to the cash account as a?
credit
What is the journal entry for down payment of cash?
[Debit] Down payment xxxx [Credit] cash xxxx
What are five special journals?
1 - Sales Journal 2 - Purchase Journal 3 - Cash Receipt Journal 4 - Cash Payment Journal 5 - General Journal
Cash disbursement journal is used to record?
To record cash payment bill.
What goes in a Cash payment journal?
All cash payments made by the company.
What is the journal entry for withdrawing cash from a company?
[Debit] Drawings account xxxx [Credit) Cash account xxxx
What is the journal entry for interest on drawings?
Debit interest on drawingsCredit interest payable / cash
