Question
ABC Company uses Sales Journal, Purchase Journal, Cash receipts journal, Cash payment journal, and General journal. The following transactions for the month of April assuming
ABC Company uses Sales Journal, Purchase Journal, Cash receipts journal, Cash payment journal, and General journal. The following transactions for the month of April assuming perpetual inventory April 1: owner invested $2,000 cash in the business 4: Purchased merchandise $4,000 on credit from B company 5: Sold merchandise for $1,500 on credit (costing $750) to XYZ Company on credit 10: Purchased office supplies $400 cash. 11: XYZ company returned $400 of merchandise (Cost $200) in good condition 12: Paid salaries $3,000 cash 20: Returned $600 of merchandise to B Company 25: Received $1,000 from a customer as partial payment. 30: recorded amortization of $1,800 on office equipment.
Required:
1-Journalize the transactions that should be recorded in the General Journal.
2-For the remaining transactions, enter the name of the Journal that should be recorded in.
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