Question
Indicate journalizing in special journals. 1. Payment of creditors on account. 2. Return of merchandise sold for credit. 3. Collection on account from customers. 4.
Indicate journalizing in special journals. 1. Payment of creditors on account. 2. Return of merchandise sold for credit. 3. Collection on account from customers. 4. Sale of land for cash. 5. Sale of merchandise on account. 6. Sale of merchandise for cash. 7. Received credit for merchandise purchased on credit. 8. Sales discount taken on goods sold. 9. Payment of employee wages. 10. Income summary closed to owners capital. 11. Depreciation on building. 12. Purchase of office supplies for cash. 13. Purchase of merchandise on account. Instructions For each transaction, indicate whether it would normally be recorded in a cash receipts journal, cash payments journal, sales journal, single-column purchases journal, or general journal
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