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FON 5 INSTRUCTIONS: Indicate the journal in which each of the following transactions can be recorded most conveniently by inserting the appropriate letter abbreviations in
FON 5 INSTRUCTIONS: Indicate the journal in which each of the following transactions can be recorded most conveniently by inserting the appropriate letter abbreviations in the column below JOURNAL CP Cash Payments CR. Cash Receipts J. General (two-column) P. Purchases R Revenue E TRANSACTIONS 0. Paid cash for office supplies 1. Refunded cash on overpaid account receivable 2 Paid cash in payment of account with creditor 3. Purchased supplies on account Journal Used CP CR P 4. Issued an invoice for services provided on account 5 Corrected error in previous entry for accrued expenses 6. Closed the services revenue account at the end of the year 7. Paid rent 8. Received cash from borrowing on note payable 9. Recorded depreciation at end of accounting period 10. Rendered services for cash E E to 4
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