Problem 1 Instructions: Given below are the transactions for the Don Hancock Co. For each transaction, state the accounis) to transaction shA) and account(s) to be credited (Column B). Indicate in Column C the journal in which each be debited (Column and ransaction should be recorded: Sales (SJ), Purchases (P), Cash Receipts (CRJ), Cash Payments (CPr), or General (GJ). See the example below Transaction Debit Credit Journal Example: Owner invests cash into the business Capital CRJ Cash I. Purchased merchandise on account 2. Received payment from a customer on account 3. Paid utilities expense 4. Sold merchandise for cash 5. Purchased merchandise for cash Hancock made a personal withdrawal of cash 7. Recorded cash sales for the day 8. Sold merchandise on account 9. Purchased store equipment on account 10. Paid creditor for invoice due 6