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For each of the following transactions indicates the journal which should be used by placing the appropriate symbol in the table provided: S = Sales
For each of the following transactions indicates the journal which should be used by placing the appropriate symbol in the table provided: S = Sales Journal: P = Purchases Journal: CR=Cash Receipts Journal: CP = Cash Payments Journal: J = General Journal. 1. Sold merchandise to customers on credit. ( ) 2. Paid gas expense. ( ) Recorded closing entry at the end of the current period. ( ) 4. Purchased goods from suppliers on credit. ( ) 5. Collected payments from charged customers. ( ) 3
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