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In the space provided, indicate in which journal the transaction would be recorded using the codes: G for general journal, S for sales journal,
In the space provided, indicate in which journal the transaction would be recorded using the codes: G for general journal, S for sales journal, P for purchases journal, CR for cash receipts journal, and CP for cash payments journ 1. Purchase of inventory for cash. CP 2. Sale of inventory on credit. S 3. Payment of sales salaries. CP 4. Purchase of inventory on credit. P 5. Sale of merchandise for cash. CR 6. Purchase of land by issuing note payable. G 7. Collection of short-term note receivable and related interest. CR 8. Return of defective inventory to supplier for credit to account. PX 9. Preparation of adjusting entries. G 10. Purchase of equipment for cash. CP
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