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Presented Below Are a List of Source Documents and a List

Question 181

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Presented below are a list of source documents and a list of transactions.indicate next to each transaction which source document serves as evidence for the recording of the transaction

Premises:

Responses:

Supplies are purchased on credit.

Purchase invoice

Cash sales are made to customers.

Sales invoice

Land is acquired by signing an agreement to pay a stated amount plus interest in one year.

Cash register tape

Utilities expense is recorded for the current month.

Check

The weekly payroll is paid.

Time card

Merchandise is sold to a customer on account.

Monthly statement

Payment is made for utility bills that were recorded earlier.

Promissory note

Investors purchase additional shares of the company's stock directly from the company.

Stock certificate

Premises:

Supplies are purchased on credit.

Cash sales are made to customers.

Land is acquired by signing an agreement to pay a stated amount plus interest in one year.

Utilities expense is recorded for the current month.

The weekly payroll is paid.

Merchandise is sold to a customer on account.

Payment is made for utility bills that were recorded earlier.

Investors purchase additional shares of the company's stock directly from the company.

Responses:

Purchase invoice

Sales invoice

Cash register tape

Check

Time card

Monthly statement

Promissory note

Stock certificate

Correct Answer:

Premises:

Responses:

Supplies are purchased on credit.

Cash sales are made to customers.

Land is acquired by signing an agreement to pay a stated amount plus interest in one year.

Utilities expense is recorded for the current month.

The weekly payroll is paid.

Merchandise is sold to a customer on account.

Payment is made for utility bills that were recorded earlier.

Investors purchase additional shares of the company's stock directly from the company.

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