Question

Match each of the following transactions to the journal (a through e) in which it would be entered. Rendered services on account Drag answer here Received payment from customer on account Drag answer here Received cash from the bank in exchange for a note payable Drag answer here Purchased supplies on account Drag answer here Paid vendor on account Drag answer here Withdrew cash for personal use (by owner) Drag answer here Withdrew supplies from the business for personal use (by owner) Drag answer here Journalized the adjusting entry for supplies used during the period Drag answer here Recognized depreciation on the building Drag answer here Closed the revenue account at the end of the period Drag answer here Cash payments journal Purchases journal Cash receipts journal General journal Revenue journal

Answer 1

1	Rendered services on account	Revenue journal	This transaction affects revenue will be recognized. Thus, this is recorded under the revenue journal.
2	Received payment from customer on account	Cash receipts journal	This transaction affects cash receipts will be recorded. Thus, this is recorded under the cash receipts journal.
3	Received cash from the bank in exchange for a note payable	Cash receipts journal	This transaction affects cash receipts will be recorded. Thus, this is recorded under the cash receipts journal.
4	Purchased supplies on account	Purchases journal	This transaction affects supplies purchased that will be increased. Thus, this is recorded under the purchase journal.
5	Paid vendor on account	Cash payments journal	This transaction affects cash payments will be recorded. Thus, this is recorded under the cash payments journal.
6	Withdrew cash for personal use (by owner)	Cash payments journal	This transaction affects cash payments will be recorded. Thus, this is recorded under the cash payments journal.
7	Withdrew supplies from the business for personal use (by owner)	General journal	This transactions does not involve in cash transaction and neither revenue or purchase of any item. Thus, this is recorded under the general journal.
8	Journalized the adjusting entry for supplies used during the period	General journal	This transactions does not involve in cash transaction and neither revenue or purchase of any item. Thus, this is recorded under the general journal.
9	Recognized depreciation on the building	General journal	This transactions does not involve in cash transaction and neither revenue or purchase of any item. Thus, this is recorded under the general journal.
10	Closed the revenue account at the end of the period	General journal	Closing entry would be recorded in the general journal.