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Identify all the journals in which the following accounts would be debited or credited. Use P for purchases journal, S for sales journal, CP for

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Identify all the journals in which the following accounts would be debited or credited. Use P for purchases journal, S for sales journal, CP for cash payments journal, CR for cash receipts journal, and G for general journal. Some accounts may be used in more than one journal. Assume a perpetual inventory system. 1. Cost of goods sold 2. Accounts payable 3. Amortization expense 4. Cash 5. Accounts payable 6. Sales revenue 7. Sales returns and allowances 8. Inventory

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