Exercises Identifying the journals used to record purchases and re transactions. The accounting system of Rose and Tea Fine Kitchenware includes the following journals. Indicate which journal is used to record each transaction. JOURNALS Cash receipts journal Cash payments journal Purchases journal Sales journal General journal TRANSACTIONS 1. Purchased merchandise for $4,000; the terms are 2/10, n/30. 2. Returned damaged merchandise to a supplier and received a credit memorandum for $900. 3. Issued a check for $4,600 to a supplier as a payment on account. 4. Purchased merchandise for $2,000 plus a freight charge of $200; the supplier's invoice is payable in 30 days. 5. Received an allowance for merchandise that was damaged but can be sold at a reduced price; the supplier's credit memorandum is for $425. 6. Purchased merchandise for $3,725 in cash. Exercise 8.1 Objective 8-1