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Given below are the transactions for B. Stern Company. For each transaction state the account(s) to be debited and account(s) to be credited and
Given below are the transactions for B. Stern Company. For each transaction state the account(s) to be debited and account(s) to be credited and indicate the journal (whether it is Purchase Journal, Sales Journal, Cash Payment Journal, Cash Receipt Journal or General Journal) in which each transaction should be recorded. a. Purchased supplies on account b. Paid utilities expenses C. Returned half of the goods purchased in transaction a. D. Purchased merchandise for cash. Use the following headings to answer the above question Debit Credit Journal
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