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klin Company during January, its first menth of operations, are listed below. Assume that franklin Company uses the following journal's: cash receipts (CR), cash payments

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klin Company during January, its first menth of operations, are listed below. Assume that franklin Company uses the following journal's: cash receipts (CR), cash payments (CP), revenue (R), and purchases (P). Assume that it uses accounts receivable and accounts payable subsidiany ledgers as well as a general ledger. Indicate by letters which journal would be used for each transaction and whether or not the entry requires a posting to a subsidiary ledger Clear All Receved a check from a custormer for payment on CP, no subsidiary posting Issued check for advertising R, subsidiary posting Issued an invoice to a P, subsidiary posting Issued check for rent DOLL Prscr wer F8 F7 8 7 8 5 6 4 3 Clear All Received a check from a customer for payment on account CP, no subsidiary posting Issued check for advertising expense R, subsidiary posting Issued an invoice to a customer P, subsidiary posting Issued check for rent CR, subsidiary posting Purchased equipment on account engageNoww2

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