Accounting help 10 pts!?
a.purchase of store supplies on account
b.return of damaged office equipment
c.purchase of store supplies for cash
d.purchase of office equipment for cash
2.Which of the following transactions is recorded in the revenue journal?
a.sale of excess office equipment for cash
b.rendering services for cash
c.rendering services on account
d.sale of excess office equipment on account
3.The objectives of internal control are to
a.control the internal organization of the accounting department personnel and equipment
b.provide reasonable assurance that operations are managed to achieve goals, financial reports are accurate, and laws and regulations are complied with
c.prevent fraud, and promote the social interest of the company
d.provide control over "internal-use only" reports and employee internal conduct