Describe the transactions recorded in a special cash disbursements journal. (Check all that apply.) Payment of utility bills Payment of employee wages Any transaction where the Cash account is credited Purchase of merchandise on credit Any transaction where Cash is debited Adjusting journal entries and closing entries Purchases of merchandise for cash

Question

Business

Manuel Maynard

26 February, 07:04

Describe the transactions recorded in a special cash disbursements journal. (Check all that apply.) Payment of utility bills Payment of employee wages Any transaction where the Cash account is credited Purchase of merchandise on credit Any transaction where Cash is debited Adjusting journal entries and closing entries Purchases of merchandise for cash

+1

Answers (1)

Know the Answer?

Alia Hayes · Answer 1

Payment of utility bills

Payment of employee wages

Any transaction where the cash account is credited

Purchase of merchandise for cash

Explanation:

Special journals are designed to meet the special needs of a company by streamlining the book keeping process.

Special cash disbursement journal is a book keeping system that records all cash payment transactions in a business, In other word, it records the outflow of cash to account payable and also for other business purposes. Example according to the question are Payment of utility bills, Payment of employee wages, Any transaction where the cash account is credited, Purchase of merchandise for cash.