Match the special journal you would use to record the following transactions. A. Cash Receipts Journal B.
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Match the special journal you would use to record the following transactions.
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A. Cash Receipts Journal B. Cash Disbursements Journal C. Sales Journal D. Purchases Journal E. General Journal i. Took out a loan from the bank ii. Paid employee wages iii. Paid income taxes iv. Sold goods with credit terms 1/10, 2/30, n/60 v. Purchased inventory with credit terms n/90 vi. Sold inventory for cash vii. Paid the phone bill viii. Purchased stock for cash ix. Recorded depreciation on the factory equipment x. Returned defective goods purchased on credit to the supplier. The company had not yet paid for them.
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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