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The Cash Receipts Journal (CRJ) records all cash inflows received by a business. Typical entries include cash sales, collections from accounts receivable, and other cash transactions such as interest income or asset sales. Each entry includes the date, amount, source of cash, and relevant account details for accurate tracking. This helps businesses maintain a clear record of cash flow for financial reporting and management purposes.
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How do the adjusting entries differ from othe journal entries?
Journal entries are those entries which are recorded first time when any transaction occured while adjusting entries are only recorded when there is any adjustment required in previously created journal entry.
What is the difference between journal entries vs adjusting entries?
Journal entries are recorded as soon as financial transaction occures while adjusting entries are made to rectify the previously made journal entries.
Should journal entries be listed chronologically?
Yes, all journal entries should be recorded in a order in which they occur so as per this all journal entries should be listed chronologically.
Are adjusting entries entered into the general journal before they are recorded in the work sheet?
false
Adjusting entries are often made because some business events are not recorded as they occur?
FALSE!
How do the adjusting entries differ from othe journal entries?
Journal entries are those entries which are recorded first time when any transaction occured while adjusting entries are only recorded when there is any adjustment required in previously created journal entry.
What is the difference between the bombardier crj 200 and crj 700?
The Bombardier CRJ-200 and CRJ-700 are both regional jets, but they differ primarily in size and capacity. The CRJ-200 typically seats around 50 passengers, while the CRJ-700 can accommodate approximately 70 to 78 passengers, depending on the configuration. Additionally, the CRJ-700 features more advanced avionics and improved performance capabilities, making it suitable for longer routes compared to the CRJ-200. Overall, the CRJ-700 offers greater passenger comfort and operational efficiency.
What is the difference between journal entries vs adjusting entries?
Journal entries are recorded as soon as financial transaction occures while adjusting entries are made to rectify the previously made journal entries.
Should journal entries be listed chronologically?
Yes, all journal entries should be recorded in a order in which they occur so as per this all journal entries should be listed chronologically.
What types of planes does Mesaba Airlines use?
Mesaba Airlines uses planes in the CRJ family. The two most used planes by Mesaba Airlines (and related company Pinnacle Airlines Inc.) are the CRJ-900 and the CRJ-200 LR.
How much does a crj-900 cost?
53,000,000
Are adjusting entries entered into the general journal before they are recorded in the work sheet?
false
How do you journalize adjusting entry license future year?
Journal Entries recorded to update general ledger accounts at the end of a fiscal period are called adjusting entries.
Adjusting entries are often made because some business events are not recorded as they occur?
FALSE!
What is the major difference between the Unadjusted Trial Balance and the Adjusted Trial Balance?
Adjusting entries are recorded in the adjusted Trial Balance. The adjusted entries may be accrued revenues that are not recorded but earned and accrued expenses that include wages, commissions, interest, etc.
How much luggage space is available on the CRJ 900 aircraft?
The CRJ 900 aircraft typically offers around 1,200 cubic feet of luggage space for passengers.
What are the loan accounting entries that need to be recorded for this transaction?
The loan accounting entries for this transaction typically include recording the loan amount as a liability and the cash received as an asset. Interest expense and loan repayments are also recorded as the loan is paid off over time.
