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Rattans METAL WORKS uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. Rattan recently completed
Rattans METAL WORKS uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. Rattan recently completed the following transactions. Next to each letter, give the name of the journal in which the transaction should be recorded. (3.5 Marks) a. Sold merchandise on credit. b. Purchased shop supplies on credit. c. Paid an employee's salary. d. Paid a creditor. e. Purchased merchandise on credit. f. Borrowed money from the bank. g. Sold merchandise for cash.
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