The general journal in accounting serves to., Summarize financial transactions, Record financial transactions chronologically, Prepare financial statements, Group accounts, cash account and crediting the service revenue account. (...), TRUE, FALSE, The company owner deposits cash as initial capital. The journal entry is..., Cash (D), Capital (C), Capital (D), Cash (C), Cash (D), Owner’s Drawings (C), Owner’s Drawings (D), Cash (C), Purchases of equipment on credit are recorded by debiting the equipment account and crediting the accounts payable account. (...), TRUE, FALSE, The company receives service revenue of Rp5,000,000; Rp3,000,000 was received in cash, with the remainder due next month. The correct journal entry is.., Cash (D) Rp5,000,000, Revenue (C) Rp5,000,000, Cash (D) Rp3,000,000, Accounts Receivable (D) Rp2,000,000, Revenue (C) Rp5,000,000, Cash (D) Rp3,000,000, Revenue (C) Rp3,000,000, accounts receivable to be recorded later, Accounts Receivable (D) Rp5,000,000, Revenue (C) Rp5,000,000, If a company purchases supplies on credit, the journal entry is..., Supplies (D), Cash (C), Supplies (D), Accounts Payable (C), Supplies Expense (D), Accounts Payable (C), Accounts Payable (D), Supplies (C), The payment of electricity expenses is recorded by debiting the electricity expense account and crediting the cash account. (...), TRUE, FALSE, Cash withdrawals by the owner for personal use (prive) are recorded by debiting the cash account and crediting the prive account. (...), TRUE, FALSE, A purchase transaction for equipment on credit will affect the accounts..., Equipment and Cash, Equipment and Accounts Payable, Equipment Expense and Accounts Payable, Equipment and Equity, Transaction dates must be recorded in the general journal to indicate the chronological order of events. (...), TRUE, FALSE, A beauty salon purchased salon supplies (shampoo, hair dye) worth Rp3,000,000 on credit from a supplier. The correct journal entry is..., Supplies (D) Rp3,000,000, Accounts Payable (K) Rp3,000,000, Expense for Supplies (D) Rp3,000,000, Accounts Payable (C) Rp3,000,000, Supplies (D) Rp3,000,000, Cash (K) Rp3,000,000, Accounts Payable (D) Rp3,000,000, Supplies, Receipt of advance payments from customers for services to be provided in the future is recorded by debiting the cash account and crediting the service revenue account. (...), FALSE, TRUE.

General Journal

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