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The transactions completed by Franklin Company during January, its first month of operations, are listed below. Assume that Franklin Company uses the following journals: cash

The transactions completed by Franklin Company during January, its first month of operations, are listed below. Assume that Franklin Company uses the following journals:

cash receipts (CR) /Subsidiary or no suspidiary

cash payments (CP) /Subsidiary or no suspidiary

revenue (R) /Subsidiary or no suspidiary

purchases (P) /Subsidiary or no suspidiary

general (G) /Subsidiary or no suspidiary

Assume that it uses accounts receivable and accounts payable subsidiary ledgers as well as a general ledger. Indicate by letters which journal would be used for each transaction and whether or not the entry requires a posting to a subsidiary ledger.

__ Issued check for a payment on account

__ issued check for rent

__ recieved cash for a sale

__ issued an invoice to a customer

__ purchased a computer for cash

__received a check from a payment on account

__ purchased equipment on account

__ issued check for salary

__ issued check for purchase of supplies

__ issued check for advertising expense

__ paid for the equipment purchased on account

__ recorded the adjustment for supplies used during the month

__ purchased supplies on account

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