Following are a list of source documents and a list of transactions. Indicate by letter next to each
- September 24, 2021/ Finance
Following are a list of source documents and a list of
transactions. Indicate by letter next to each transaction the source document
that would serve as evidence for the recording of the transaction.
a. Purchase invoice
b. Sales invoice
c. Cash register tape
d. Time cards
e. Promissory note
f. Stock certificates
g. Monthly statement from utility company
h. No standard source document would normally be available.
________________ 1. Utilities expense for the month is
________________ 2. A cash settlement is received from a
________________ 3. Owners contribute cash to start a new
________________ 4. The biweekly payroll is paid.
________________ 5. Services are provided in exchange for
________________ 6. Equipment is acquired on a 30-day open
________________ 7. Service is provided to a customer.
________________ 8. A building is acquired by signing an
agreement to repay a stated amount plus interest in six months.