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SUL Use the following information to answer the questions be Iris's Juice Company has five journals of original entry: sales journal, purchases journal, cas! journal,
SUL Use the following information to answer the questions be Iris's Juice Company has five journals of original entry: sales journal, purchases journal, cas! journal, cash payments journal, and general journal. The following transactions were engaged in Iris's. 1. Sold juice on credit to the Happy Trails Store, 2. Purchased bottles on credit from Ace Glass Company. . 3. Returned some of the bottles purchased above because of leakage problems. 4. Received half-payment from the Happy Trails Store of amount owed in transaction 1. 5. Paid the balance due on the bottles purchased in transaction 2. 13. Transaction 1 would be entered into the a. cash receipts journal. b. cash payments journal. c. sales journal. d. purchases journal. 14 Transaction 2 would be entered into the a. cash receipts journal. b. cash payments journal. c. sales journal. d. purchases journal. IS Transaction 3 would be entered into the a. cash receipts journal. b. cash payments journal. c. purchases journal. d. general journal. 16Transaction 4 would be entered into the a. cash receipts journal. b. cash payments journal. c. sales journal. d. purchases journal. 17. Transaction 5 would be entered into the a. cash receipts journal. c. sales journal. b. cash navmante innamal d arbacae inurnal
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