Circle the Correct Answer to Each Situation

Circle the correct answer to each situation.
(a) A sales journal will Credit Sales Cash Sales Sales Returns
Yes No Yes No Yes No
(b) A single-column purchases journal will Cash Purchases Purchases on Account Purchase Discounts
Yes No Yes No Yes No
(c) A multi-column purchases journal will Supplies Purchased Equipment Purchased
Cash Purchases on Account on Account
Yes No Yes No Yes No
(d) A cash payments journal will Payments to Purchases Owner Cash
Creditors Discounts Investments
Yes No Yes No Yes No
(e) A cash receipts journal will Owner Cash
Withdrawals Purchases Discounts Cash Sales
Yes No Yes No Yes No