Question 28 of 30 Transactions Journals 1. Payment of creditors on account. 2. Return of merchandise sold for credit. 3. Collection on account from customers. 4. Sale of land for cash 7. Received credit for merchandise purchased on credit. > 8. Sales discount taken on goods sold. 10. Income summary closed to owner's capital. 11. Depreciation on building 7. Received credit for merchandise purchased on credit > 8. Sales discount taken on goods sold, 9. Payment of employee wages. 10. Income summary closed to owner's capital. 11. Depreciation on building