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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. Collected money from making cash sale. ( ) 2. Recorded adjusting entry for prepaid insurance.( ) 3. Paid wages expense to employees. ( ) 4. Purchased inventories from suppliers on account. ( ) 5. Sold inventories to customers on account. ( ) 2/7
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