+ Accounting 1 Special Journals Practice B Indentify the best appropriate journal in which to record each of the following transactions. R P Revenue (Sales) journal Purchases journal CR Cash receipts journal CP Cash payments (Disbursements) journal G General journal Paid for COD shipping Borrowed money from bank Correcting entry to apply prior payment to supplies instead of tax expense Returned defective merchandise that had been bought for cash Returned defective merchandise that had been bought on account Cash purchase of merchandise Collected interest earned on note receivable Prepaid on insurance policy Closed the revenue accounts at the end of the fiscal year Received cash from overpayment of accounts payable Paid on account Returned customer deposit Utility deposit returned to us Paid on bank loan Sale of merchandise on account Adjusted allowance for doubtful accounts Vouchered vendor invoice for purchase of supplies Adjusted prepaid insurance account