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Poole Company maintains four special journals and a general journal to record its transactions. Indicate the appropriate journal for recording the transactions listed. 1. Mr.
Poole Company maintains four special journals and a general journal to record its transactions. Indicate the appropriate journal for recording the transactions listed.
1. | Mr. Richey invested cash in the business. | |||
2. | Purchased store supplies on account. | |||
3. | Sold merchandise to customer on account. | |||
4. | Purchased a 2-year fire insurance policy for cash. | |||
5. | Received a check from a customer as payment on account. | |||
6. | Paid for store supplies purchased in transaction 2. | |||
7. | Purchased merchandise on account. | |||
8. | Issued a credit memorandum to a customer who returned defective merchandise previously sold on account. | |||
9. | Purchased office equipment for cash. | |||
10. | Made an adjusting entry for store supplies used during the period. |
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