accounting

PROBLEM 8 Beside each of the following transactions indicate in which journal the transaction should be recorded. S] = Sales Journal CRJ = Cash Receipts Journal PJ = Purchases Journal CPI = Cash Payments Journal G] = General Journal a. Purchased merchandise on account. b. Sold some of our old equipment for $800 cash. _ c. Borrowed money 'om the bank. _ d. Used some of our extra cash to invest in a hot stock. _ e. Sold merchandise for cash. _ f. The owner withdrew cash 'om the business. g. A customer returned a product they had purchased from us on account. h. Sold merchandise on account. i; A customer made a prompt payment to us and received a discount. j. Paid 0H some old accounts payable. k. We returned merchandise that we had bought on account from a wholesaler. 1. Recorded our estimate for uncollectible accounts receivable