REQUIRED: Prepare the journal for each of the four date scenarios above. Problem 3: For each of the following transactions please indicate which of the five special journals should be used. Please use the following abbreviations:

P=Purchases Journal, CP=Cash Payments Journal, S=Sales Journal, CR=Cash Receipts Journal, J=General Journal

1) Sold merchandise for cash, $250. 2) Issued a cash refund to a customer, $150 3) Bought merchandise, $550, and will pay for it next week. 4) Wrote off the account of Smith Company, $660. 5) Jones, the owner, made a withdrawal of $4,000. 6) Borrowed $10,000 from the bank via a Notes Payable 7) Recorded the accrual of salaries at the end of the year 8) Paid the monthly rent, $1,900. 9) Sent a bill out to a customer, $715. 10) Issued a credit memo to a customer for damaged returned merchandise