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acct101 homeworkThank you E110 (L0 3) The following are some typical transactions incurred by Ricketts Company. indicate journaiizing in special journals. 1. Payment of creditors

acct101 homeworkThank you

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E110 (L0 3) The following are some typical transactions incurred by Ricketts Company. indicate journaiizing in special journals. 1. Payment of creditors on account. 2. Return of merchandise sold for credit. 3. Collection on account from customers. 4. Sale of land for cash. 5. Sale of merchandise on account. 6. Sale of merchandise for cash. 1'. Received credit for merchandise purchased on credit. 8. Sales discount taken on goods sold. 9. Payment of employee wages. 10. Income summaryr closed to owner's capital. 11. Depreciation on building. 12. Purchase of office supplies for cash. 13. Purchase of merchandise on account. Instructions For each transaction, indicate whether it would normally be recorded in a cash receipts journal, cash payments journal, sales journal, single-column purchases journal, or general journal

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