129.Match the following accounting system components a-e with their related items 1-10 by placing the correct letter next to each item.
a. Source documents
b. Input devices
c. Information processor
d. Information storage
e. Output devices
____ 1. Computer keyboard
____ 2. Computer hard drive
____ 3. Journal entries
____ 4. Journals
____ 5. Financial statements
____ 6. Invoice from suppliers
____ 7. Employee paychecks
____ 8. Computer monitor
____ 9. Software
____ 10. Electronic files
130.A company entered into the following transactions. Match each transaction with the appropriate journal in which it should be recorded.
a. Sales journal
b. Purchases journal
c. Cash receipts journal
d. Cash disbursements journal
e. General journal
____ 1. Borrowed $7,000 cash from the local bank.
____ 2. A customer returned a $250 item purchased on account.
____ 3. Purchased merchandise on account, $2,100.
____ 4. Purchased equipment on account for $4,000.
____ 5. Paid $15,000 cash in wages to employees.
____ 6. Paid a telephone bill for $3,400 cash.
____ 7. Purchased $1,150 of office supplies on account.
____ 8. Recorded depreciation on office equipment of $2,000.
____ 9. Returned defective inventory purchased on account, $2,550.
____ 10. Recorded cash sales of $12,700.
131.A company entered into the following transactions. For each transaction, indicate the appropriate journal in which it should be recorded.
a. Sales Journal
b. Purchases Journal
c. Cash Receipts Journal
d. Cash Disbursements Journal
e. General Journal
____ 1. Purchased merchandise on credit.
____ 2. Sold merchandise on credit.
____ 3. Purchased merchandise for cash.
____ 4. Sold merchandise for cash.
____ 5. Paid cash to settle the utility bill.
____ 6. Owner invested more cash in the business.
____ 7. Recorded depreciation for the period.
____ 8. Borrowed cash from the bank.
____ 9. Bought office supplies on credit.
____ 10. Received cash from a customer to settle an account receivable.
132.List the five basic principles of accounting information systems.
133.List the five basic components of accounting information systems and give an example of each.
134.Explain the purposes, types, and uses of special journals.
135.What are controlling accounts and subsidiary ledgers? What is the relationship between them?