Identify Journals 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:

a. Closing of drawing account at the end of the year. b. Providing services for cash. c. Sale of office supplies on account, at cost, to a neighboring business. d. Receipt of cash from sale of office equipment. e. Receipt of cash for rent. f. Receipt of cash on account from a customer. g. Providing services on account. h. Investment of additional cash in the business by the owner. i. Receipt of cash refund from overpayment of taxes. j. Adjustment to record accrued salaries at the end of the year.

As we know that

General journal records the transactions which is related to the opening, closing, adjustment, rectification, etc

Revenue journal records those transactions which includes the revenue earned by the business organization

Cash receipts journal records those transactions which shows the receipts of the cash

Cash journal records those transactions which includes the cash

The allocations of each transactions for classification of journal is shown below:

a. Closing of drawing account at the end of the year. = General journal

b. Providing services for cash. = Cash journal

c. Sale of office supplies on account, at cost, to a neighboring business. = General journal

d. Receipt of cash from sale of office equipment. = Cash journal

e. Receipt of cash for rent. = Cash journal

f. Receipt of cash on account from a customer. = Cash journal

g. Providing services on account. = revenue journal

h. Investment of additional cash in the business by the owner. = cash receipts journal

i. Receipt of cash refund from overpayment of taxes. = cash receipts journal

j. Adjustment to record accrued salaries at the end of the year. = General journal