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0 Biloxi Gifts uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. The transactions are given below November
0 Biloxi Gifts uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. The transactions are given below November 2 The company purchased $4,000 of merchandise on credit from the Midland Company, terms 2/10, n/30. November 12 The owner, T. Biloxi, contributed an autonobile worth $31,000 to the company. November 16 The company sold $1,900 of merchandise (cost is $1,080) on credit to K. Myer, teres n/30. November 19 Biloxi granted K. Myer an allowance (price reduction) of $315 for merchandise sold on November 16. Biloxi credited accounts receivable for that amount. Journalize transactions that should be recorded in the general journal Identify the journal where each of the following transactions should be recorded. she halow
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