Asked by Whian Bester on Jul 15, 2024
Verified
Poole Company maintains four special journals and a general journal to record its transactions. Using the code below indicate in the space provided the appropriate journal for recording the transactions listed.
9. Purchased office equipment for cash.
10. Made an adjusting entry for store supplies used during the period.
Special Journals
Customized accounting journals used for recording and categorizing specific types of financial transactions.
General Journal
A comprehensive listing of a company's financial transactions, used as the primary record for posting to individual accounts.
Adjusting Entry
An accounting entry made to update the accounts and ensure accurate financial reporting at the end of an accounting period.
- Comprehend the process for documenting and updating transactions in dedicated journals.
Verified Answer
RR
Learning Objectives
- Comprehend the process for documenting and updating transactions in dedicated journals.