Answer to Question #203653 in Economics for tetelo

Question

SA Attorneys entered into the following transactions during October 2020:

2020

 

25/10

Office rental for the month paid in cash, R5 500.

28/10

Purchased computers on credit to the amount of R11 500.

30/10

Paid salaries to the amount of R16 350.

31/10

Transferred R3 750 to the business account from A South’s trust account.

 

Which journals will be affected by the transactions above?

  A. General journal, business cash receipts journals and business and trust cash payments journals.

 B. Fees journal and business and trust cash receipts journal.

C. General journal, fees journal, trust cash receipts journal, business and trust cash payments journal.

 D. General journal, fees journal, business and trust cash receipts journals and business and trust cash payments journals.

Answer 1

A. General journal, business cash receipts journals and business and trust cash payments journals.