The following are several transactions of a company that uses special journals: Transaction Journal 1. Purchase of inventory for cash. 2. Sale of inventory on credit. 3. Payment of sales salaries. 4. Purchase of inventory on credit. 5. Sale of merchandise for cash. 6. Purchase of land by issuing note payable. 7. Collection of short-term note receivable and related interest. 8. Return of defective inventory to supplier for credit to account. 9. Preparation of adjusting entries. 10. Purchase of equipment for cash. Required The following are several transactions of a company that uses special journals: In the space provided, indicate in which journal the transaction would be recorded using the codes: G for general journal, S for sales journal P for purchases journal, CR for cash receipts journal, and CP for cash payments journal. 1. Purchase of inventory for cash. 2. Sale of inventory on credit. 3. Payment of sales salaries. 4. Purchase of inventory on credit. 5. Sale of merchandise for cash. 6. Purchase of land by issuing note payable. 7. Colsection of short-term note receivable and related interest. 8. Return of defective inventory to supplier for credit to account. 9. Preparation of adjusting entries. 10. Purchase of equipment for cash