(a) A sales journal will be used for: Credit Sales Cash Sales Sales Returns Yes No Yes No Yes No \begin{array}{llll} ext {Credit \quad Sales} & ext { Cash \quad Sales } & ext {Sales \quad Returns } \ ext {Yes \quad \quad No} & ext { Yes\quad \quad No} & ext { Yes \quad\quad No}\end{array} Credit Sales Yes No Cash Sales Yes No Sales Returns Yes No (b) A single-column purchases journal will be used for: Cash Purchases Purchases on Account Purchase Discounts Yes No Yes No Yes No \begin{array}{lcccc} ext { Cash \quad Purchases } & ext { Purchases \quad on Account } & ext { Purchase\quad Discounts } \ ext { Yes\quad \quad No } & ext { Yes \quad \quad No } & ext { Yes\quad \quad No}\end{array} Cash Purchases Yes No Purchases on Account Yes No Purchase Discounts Yes No (c) A multi-column purchases journal will be used for: Supplies Purchased Equipment Purchased Cash Purchases on Account on Account Yes No Yes No Yes No \begin{array}{llll} & ext {Supplies Purchased} & ext {Equipment Purchased}\ ext {Cash Purchases} & ext { on Account } & ext { on Account } \ ext {Yes\quad \quad No} & ext { Yes \quad \quad No} & ext {Yes\quad \quad No}\end{array} Cash Purchases Yes No Supplies Purchased on Account Yes No Equipment Purchased on Account Yes No (d) A cash payments journal will be used for: Payments to Purchases Owner Cash Creditors Discounts Investment Yes No Yes No Yes No \begin{array}{lll} ext {Payments to} & ext {Purchases } & ext { Owner Cash } \ ext {Creditors} & ext { Discounts} & ext {Investment} \ ext {Yes\quad \quad No} & ext { Yes\quad \quad No } & ext { Yes\quad \quad No}\end{array} Payments to Creditors Yes No Purchases Discounts Yes No Owner Cash Investment Yes No (e) A cash receipts journal will be used for: Owner Cash Withdrawals Purchases Discounts Cash Sales Yes No Yes No Yes No \begin{array}{lcccc} ext { Owner Cash }\ ext {Withdrawals} & ext {Purchases Discounts } & ext {Cash Sales } \ ext {Yes\quad \quad No} & ext {Yes\quad \quad No} & ext { Yes\quad \quad No}\end{array} Owner Cash Withdrawals Yes No Purchases Discounts Yes No Cash Sales Yes No

Question

(a) A sales journal will be used for: Credit  Sales  Cash  Sales  Sales  Returns  Yes  No  Yes No  Yes  No \begin{array}{llll} 	ext {Credit \quad Sales}  &  	ext { Cash \quad Sales }  & 	ext {Sales \quad Returns } \	ext {Yes \quad \quad No}  & 	ext { Yes\quad  \quad No}  & 	ext { Yes \quad\quad  No}\end{array} Credit  Sales Yes  No ​  Cash  Sales   Yes No ​ Sales  Returns   Yes  No ​ (b) A single-column purchases journal will be used for:  Cash  Purchases   Purchases  on Account   Purchase Discounts   Yes No   Yes  No   Yes No \begin{array}{lcccc}	ext { Cash \quad Purchases }  &  	ext { Purchases \quad  on Account }  &  	ext { Purchase\quad  Discounts } \	ext { Yes\quad \quad  No }  &  	ext { Yes \quad \quad No }  &  	ext { Yes\quad \quad  No}\end{array}  Cash  Purchases   Yes No  ​  Purchases  on Account   Yes  No  ​  Purchase Discounts   Yes No ​ (c) A multi-column purchases journal will be used for: Supplies Purchased Equipment Purchased Cash Purchases  on Account   on Account  Yes No  Yes  No Yes No \begin{array}{llll}  & 	ext {Supplies Purchased} & 	ext {Equipment Purchased}\	ext {Cash Purchases}  & 	ext { on Account }  & 	ext { on Account } \	ext {Yes\quad \quad No}  & 	ext { Yes \quad \quad No}  &  	ext {Yes\quad \quad No}\end{array} Cash Purchases Yes No ​ Supplies Purchased  on Account   Yes  No ​ Equipment Purchased  on Account  Yes No ​ (d) A cash payments journal will be used for: Payments to Purchases   Owner Cash  Creditors  Discounts Investment Yes No  Yes No   Yes No \begin{array}{lll} 	ext {Payments to}  &  	ext {Purchases } & 	ext { Owner Cash } \	ext {Creditors}  & 	ext { Discounts}  &  	ext {Investment} \	ext {Yes\quad \quad No}  & 	ext { Yes\quad \quad No } & 	ext { Yes\quad \quad No}\end{array} Payments to Creditors Yes No ​ Purchases   Discounts  Yes No  ​  Owner Cash  Investment  Yes No ​ (e) A cash receipts journal will be used for:  Owner Cash  Withdrawals Purchases Discounts  Cash Sales  Yes No Yes No  Yes No \begin{array}{lcccc} 	ext { Owner Cash }\ 	ext {Withdrawals}  &  	ext {Purchases Discounts }  &  	ext {Cash Sales } \	ext {Yes\quad \quad No}  &  	ext {Yes\quad \quad No}  & 	ext { Yes\quad \quad No}\end{array}  Owner Cash  Withdrawals Yes No ​ Purchases Discounts  Yes No ​ Cash Sales   Yes No ​

Marissa Parus · Accepted Answer

Final Answer : (a) Yes, No, No(d) Yes, Yes, No(b) No, Yes, No(e) No, No, Yes(c) No, Yes, Yes

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