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Math each transaction with the appropriate journal: A. Sales journal B. Purchases journal C. Cash receipts journal D. Cash disbursements journal E. General journal 1.
Math each transaction with the appropriate journal:
A. Sales journal B. Purchases journal C. Cash receipts journal D. Cash disbursements journal E. General journal 1. Borrowed $7,000 cash from the local bank. 3. Purchased merchandise on account, $2,100 4. Purchased equipment on account for $4,000 5. Paid S15,000 cash in wages to employees. 6. Paid a telephone bill for $3,400 cash. 7. Purchased $1,150 of office supplies on account. -8. Recorded depreciation on office equipment of $2,000. 9. Returned defective inventory purchased on account, $2,550. 10. Recorded cash sales of $12,700Step by Step Solution
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