Exercises Identifying the Journal to record tra The accounting system Great Harvest Healthy the specific journal in which each of the transacti JOURNALS Cash receipts journal Cash payments journal DATE May 5 LO 7 Sales journal General journal 1 Purchased merchandise on credit. 2 Sold merchandise on credit. 3 Accepted a return of merchandise from a credit customer. 4 Sold merchandise for cash. Gave an allowance for damaged merchandise. Received a payment on account from a credit customer. Issued a check to pay a creditor on account. Received an additional cash investment from the owner. CO TRANSACTIONS cludes the journals listed below. Indicate listed below would be recorded. Purchases journal Exercise 7.1 Objective 7-1