Presented below are a list of source documents and a list of transactions. Using the identification letters before each source document, indicate next to each transaction which source document serves as evidence for the recording of the transaction.
Source Documents
A Purchase invoice
B Sales invoice
C Cash register tape
D Check
E Time card
F Monthly statement
G Promissory note
H Stock certificate
Transactions
_____ 1 Supplies are purchased on credit.
_____ 2 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 which were recorded earlier.
Investors purchase additional shares of the company's stock directly from the company.

Question

Presented below are a list of source documents and a list of transactions. Using the identification letters before each source document, indicate next to each transaction which source document serves as evidence for the recording of the transaction.
Source Documents
A Purchase invoice
B Sales invoice
C Cash register tape
D Check
E Time card
F Monthly statement
G Promissory note
H Stock certificate
Transactions
_____ 1 Supplies are purchased on credit.
_____ 2 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 which were recorded earlier.
Investors purchase additional shares of the company's stock directly from the company.

Quizplus · Accepted Answer

The Answer of Presented below are a list of source documents and a list of transactions. Using the identification letters before each source document, indicate next to each transaction which source document serves as evidence for the recording of the transaction.
Source Documents
A Purchase invoice
B Sales invoice
C Cash register tape
D Check
E Time card
F Monthly statement
G Promissory note
H Stock certificate
Transactions
_____ 1 Supplies are purchased on credit.
_____ 2 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 which were recorded earlier.
Investors purchase additional shares of the company's stock directly from the company.

Presented Below Are a List of Source Documents and a List