Question
A company records its transactions and events in four special journals and a general journal. The company completed the following transactions a through j. Identify
A company records its transactions and events in four special journals and a general journal. The company completed the following transactions a through j. Identify the journal in which each transaction should be recorded.(General; Sales; Cash Receipts; Purchase; Cash Payments)
A. Sold merchandise on account B. Collected on a customer's account C. Paid the monthly electric bill D. Purchased office supplies on credit E. Sold merchandise for cash F. Paid a creditor G. A customer returned merchandise for credit H. Purchased merchandise on account I. Received proceeds from a note issued to the bank J. Returned damaged merchandise to the supplier
I have...
A. Sales B. Cash payments C. Purchase D. Purchase E. Sales F. Purchase G. Cash Receipts H. Purchase I. General J. Journal Is this correct?
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