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Question 4 A company entered into the following transactions. Match each transaction with the appropriate journal in which it should be recorded. Purchased merchandise from Able Co. for $2,000 terms 2/10, n/30. Invoice dated August 1. A. General Journal Paid cash to Incite Telephone Co. for monthly telephone bill $250, Check No. 758. B. Purchases journal Sold merchandise on credit to Delta Corp. for $3,000, terms, 2/10, n/30, Invoice No. 246. Cost of Goods Sold is $1,740. c. Cash payments journal Received cash payment in full from Delta Corp. for August 5 sale. D. Sales Journal Recorded cash sales for the month, $9,000. E. Cash receipts journal Returned defective inventory purchased on account from Able Co. for $550. Moving to another question will save this response. 1447 Question 4 A company entered into the following transactions. Match each transaction with the appropriate journal in which it should be recorded. Purchased merchandise from Able Co. for $2,000 terms 2/10, n/30. Invoice dated August 1. A. General Journal Paid cash to Incite Telephone Co. for monthly telephone bill $250, Check No. 758. B. Purchases journal Sold merchandise on credit to Delta Corp. for $3,000, terms, 2/10, n/30, Invoice No. 246. Cost of Goods Sold is $1,740. c. Cash payments journal Received cash payment in full from Delta Corp. for August 5 sale. D. Sales Journal Recorded cash sales for the month, $9,000. E. Cash receipts journal Returned defective inventory purchased on account from Able Co. for $550. Moving to another question will save this response. 1447