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picture two is the format of part 1/7 Identify all the journals in which the following accounts would be debited or credited. Use P for
picture two is the format of part 1/7
Identify all the journals in which the following accounts would be debited or credited. Use P for purchases journal, S for sales journal, CP for cash payments journal, CR for cash receipts journal, and G for general journal. Some accounts may be used in more than one journal. Assume a perpetual inventory system. 1. Cost of goods sold 2. Accounts poyable 3. Amortization expense 4. Cash 5. Accounts payable 6. Sales revenue 7. Sales returns and allowiances 8. Inventery Identify all the journals in which the following accounts would be debited or credited. Some accounts may be used in more than one journal. Assume a perpetual inventory system. Identify all the joumals in which the following account would be debited or credited. (Leave unused cells blank.) Cost of goods sold Step by Step Solution
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