ACC112 Q4

6 poin A company entered into the following transactions. Match each transaction with the appropriate journal in which it should be recorded. A. Purchases journal Purchased merchandise from Able Co. for $2,000 terms 2/10, n/30. Invoice dated August 1. B. Cash receipts journal Paid cash to incite Telephone Co. for monthly telephone bill $250, Check No. 758. C. Sales Journal Sold merchandise on credit to Delta Corp. for $3,000, terms, 2/10, n/30, Invoice No. 246. Cost of Goods Sold is $1,740. D. General Journal Received cash payment in full from Delta Corp. for August 5 sale. E. Cash payments journal Recorded cash sales for the month, $9,000. Returned defective inventory purchased on account from Able Co. for $550