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Question 6 A company entered into the following transactions. Match each transaction with the appropriate journal in which it should be recorded. Purchased merchandise
Question 6 A company entered into the following transactions. Match each transaction with the appropriate journal in which it should be recorded. Purchased merchandise from Able Co. for $2,000 terms 2/10, n/30. Invoice dated August A General Journal 1. Paid cash to Incite Telephone Co. for monthly telephone bill $250, Check No. 758.1 Sold merchandise on credit to Delta Corp. for $3,000, terms, 2/10, n/30, Invoice No. 246. Cost of Goods Sold is $1,740. Received cash payment in full from Delta Corp for August 5 sale. Recorded cash sales for the month, $9,000. Returned defective inventory purchased on account from Able Co. for $550. 8 Cash payments journal c. Cash receipts journal D. Purchases journal Sales Journal
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