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Golden Co. uses special journals for sales, purchases, cash receipts, cash payments, and uses a general journal. Match each transaction with the journals that need
Golden Co. uses special journals for sales, purchases, cash receipts, cash payments, and uses a general journal. Match each transaction with the journals that need to be recorded in. D. Purchased machine on credit from Manama Co. for $8,200, terms 2/10, n/60. A. Purchased merchandise for $3,500 cash from Muharraq Co. Returned defective merchandise with a cost of $500 to Muharraq from the last month purchase. A. Purchase Journal B. Sales Journal C. Cash payments Journal C.: Sold merchandise on credit for $6,500 to Peter Corp., Invoice No. 750. The cost of the good D. General journal sold is $2,850. C. Paid $10,000 cash for monthly salaries to the employees, Check No. 415 E. Borrowed $100,000 from Bank of Bahrain and Kuwait on a long-term note payable. Collected $4,500 from Peter Corp. for merchandise sold in the last two months. A: Purchased $35,000 of merchandise inventory on credit from the Golden Company, terms 3/10, n/60. Invoice No. 420 E. Cash receipts Journal
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