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Now that you've finished Chapter 9, you have learned how to use the four special journals discussed in the textbook: The sales journal The purchases
Now that you've finished Chapter 9, you have learned how to use the four special journals discussed in the textbook: The sales journal The purchases journal The cash receipts journal Cash payments journal Part A: Please write short paragraph describing each of the the four special journals. Use a separate paragraph to describe each special journal. Include the purpose of each special journal and include an example of a business transaction that would be posted to that journal. Part B: If a company does not use special journals, then they must record each business transaction as a journal entry in the general journal in chronological order (like we learned in Chapter 4). But, if a company records most of their business transactions in special journals, then only a few transactions are recorded directly into the the general journal. Please write short paragraph describing the use of the general journal by a company that uses special journals. Include the purpose of the general journal when a company uses special journals and include an example of a business transaction that would be recorded directly into the general journal
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