QUESTION 7 A company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. A perpetual inventory system is used. For each of the above transactions, specify which journal to record the above transactions. The following transactions were completed by the company during the current month of October: B. Sold merchandise for $6000 to the South corporation on credit, Invoice No. 1122. The cost of the goods sold is $3900 Sold a piece of land for $30,000 cash. That I had was originally purchased for $30,000 Purchased supplies from Office Helpers for $420 cash. Check No. 2795 D. Recorded depreciation on equipment for $12,000. E. v Returned $330 of merchandise purchased from men Corp. for credit on account A Cash Payment Journal B. Sales Joumal C. Cash Receipt Journal D. General Jourant E. Purchases Journal Click Save and Submit to save and submit. Click Save All Answers to save all answers, Act Seve Al 4