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. A) Purchase invoice
B) Salesinvoice
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.
___ (3) Land is acquired by signing an agreement to pay a stated amount plus interest in one year.
___ (4) Utilities expense is recorded for the current month.
___ (5) The weekly payroll is paid.
___ (6) Merchandise is sold to a customer on account.
___ (7) Payment is made for utility bills which were recorded earlier.
___ (8) 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. A) Purchase invoice
B) Salesinvoice
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.
___    (3) Land is acquired by signing an agreement to pay a stated amount plus interest in one year.
___    (4) Utilities expense is recorded for the current month.
___    (5) The weekly payroll is paid.
___    (6) Merchandise is sold to a customer on account.
___    (7) Payment is made for utility bills which were recorded earlier.
___    (8) 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. A) Purchase invoice
B) Salesinvoice
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.
___    (3) Land is acquired by signing an agreement to pay a stated amount plus interest in one year.
___    (4) Utilities expense is recorded for the current month.
___    (5) The weekly payroll is paid.
___    (6) Merchandise is sold to a customer on account.
___    (7) Payment is made for utility bills which were recorded earlier.
___    (8) Investors purchase additional shares of the company's stock directly from the company.

Presented Below Are a List of Source Documents and a List