depreciation. Purchase of merchandise inventory on account. Purchase of equipment for cash. Collection on account from customers. Purchase of office 1. Sales Journal equipmenaon credit. Sales discount taken on 2. Purchases Journal goods sold on credit. 3. Cash Receipts Journal Sales of merchandise inventory on account. 4. Cash Payments Journal Return of merchandise 5. General Journal purchased on credit. sales of merchandise for cosh Payment of areditors on account Payment of suppiles in advance Close incomensuminary to owners capital