PROBLEM V (1036) SPECIAL JOURNAL 1. Paid a creditor for previously purchased equipment 2. Received cash from a customer on account 3. Recorded cash sales 4. Purchased merchandise for cash 5. Owner withdrew $7,500 6. Sold merchandise to customers on account 7. Recorded the adjusting entry for depreciation 8. Purchased supplies on account 9. Issued a cash refund to a customer 10. Borrowed $10,000 from the bank REQUIRED For each of the above transactions select the proper special journal to be used. P = Purchases CP- Cash Payments S= Sales CR- Cash Receipts J-General Journal ANSWER IN YOUR TEST SOLUTION PAPERS