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Read each transaction and identify the appropriate journal in which it should be recorded: Sales Journal, Purchases Journal Accrued Revenues Journal, Accrued Expenses Journal or
Read each transaction and identify the appropriate journal in which it should be recorded: Sales Journal, Purchases Journal Accrued Revenues Journal, Accrued Expenses Journal or Genreral Journal.
1. Owner withdrew supplies |
2. Sale made on account |
3. Payment to vendor on account |
4. Payment received from customer on account |
5. Purchases on account |
6. Adjusting journal entry for supplies used |
7. Owner withdrew cash |
8. Company borrows money from bank |
9. Record monthly depreciation |
10. Close revenue accounts at month's end |
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