Question

Assuming the use of a two-column (all-purpose) general journal, a revenue journal, and a cash receipts journal, indicate the journal in which each of the following transactions should be recorded:

Answer 1

Revenue, cash receipts, and general journal entries for different transactions.

Step-by-step explanation:

Assuming the use of a two-column (all-purpose) general journal, a revenue journal, and a cash receipts journal, the following transactions should be recorded in the respective journals:

1. Revenue from the sale of goods or services should be recorded in the revenue journal.
2. Cash received from customers should be recorded in the cash receipts journal.
3. Other general transactions, such as the purchase of supplies or payment of expenses, should be recorded in the general journal.