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4) Below are some typical transactions incurred by XYZ company 1) Payment of creditors on account. 2) Return of Merchandise sold for credits. 3) collection

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4) Below are some typical transactions incurred by XYZ company 1) Payment of creditors on account. 2) Return of Merchandise sold for credits. 3) collection on account from customers 4 sale of land for cash 5 Sale of merchandise on account 6 Sale of merchandise for cash 7 Received credit for merchandise purchased on credit 8 Sales discount taken on goods sold. 9 Payment of employee Wages. Income summary closed to owner's capital 11 Depreciation on building 12 Purchase of office supplies for cash. 13 Purchase of merchandise on Account 10 Instructions: 26pts For each transactions, indicate whether it would normally be recorded in a cash receipts journal, cash payments journal, sales journal, single -column purchases journal, or general journal

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