Exercise 7-4 Identifying journal of entry LO C2

Ali Co. uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of November. Identify the journal in which each transaction should be recorded.

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Exercise 7-4 Identifying journal of entry LO C2Learning Objective: 07-C2 Explain the goals and uses of special journals.

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