EB 3. (20 points)

For each of the following 10 independent scenarios, list what special journal you would use to record the transaction. Choose from Cash Receipts, Cash Disbursements, Sales Journal, Purchases Journal, or General Journal.

Took out loan from bank
Paid employee wages
Paid income taxes
Sold goods with credit terms 1/10, n/30
Purchased inventory on account
Sold inventory for cash
Paid phone bill
Purchased stock for cash
Recorded depreciation on equipment
Returned defective goods purchased on account to supplier. Have not yet paid for the goods.

EB 4. (20 points)

For each of the following transactions, state what special journal you would use, (Cash Receipts, Cash Disbursements, Sales Journal, Purchases Journal, or General Journal), and what subsidiary ledger (Accounts Receivable, Accounts Payable, neither) you would use to record them.

Sold inventory for cash
Issued common stock for cash
Received and paid utility bill
Bought office equipment on account
Accrued interest on a loan at the end of the accounting period
Paid a loan payment
Bought inventory on account
Paid employees
Sold inventory on account
Paid monthly insurance bill

just need what journals esch description is.