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  • bachelor in business administration
    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

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    Polytechnic State University
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Category > Accounting Posted 19 May 2017 My Price 5.00

Special Journals

Special Journals - 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

 

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.

Answers

(8)
Status NEW Posted 19 May 2017 09:05 AM My Price 5.00

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Attachments

file 1495187217-Answer.docx preview (132 words )
S-----------pec-----------ial----------- Jo-----------urn-----------als----------- - -----------The----------- fo-----------llo-----------win-----------g a-----------re -----------sev-----------era-----------l t-----------ran-----------sac-----------tio-----------ns -----------of -----------a c-----------omp-----------any----------- th-----------at -----------use-----------s s-----------pec-----------ial----------- jo-----------urn-----------als-----------: -----------Tra-----------nsa-----------cti-----------on -----------Jou-----------rna-----------l -----------1. -----------Pur-----------cha-----------se -----------of -----------inv-----------ent-----------ory----------- fo-----------r c-----------ash-----------. 2-----------. S-----------ale----------- of----------- in-----------ven-----------tor-----------y o-----------n c-----------red-----------it.----------- 3.----------- Pa-----------yme-----------nt -----------of -----------sal-----------es -----------sal-----------ari-----------es.----------- 4.----------- Pu-----------rch-----------ase----------- of----------- in-----------ven-----------tor-----------y o-----------n c-----------red-----------it.----------- 5.----------- Sa-----------le -----------of -----------mer-----------cha-----------ndi-----------se -----------for----------- ca-----------sh.----------- 6.----------- Pu-----------rch-----------ase----------- of----------- la-----------nd -----------by -----------iss-----------uin-----------g n-----------ote----------- pa-----------yab-----------le.----------- 7.----------- Co-----------lle-----------cti-----------on -----------of -----------sho-----------rt------------ter-----------m n-----------ote----------- re-----------cei-----------vab-----------le -----------and----------- re-----------lat-----------ed -----------int-----------ere-----------st.----------- 8.----------- Re-----------tur-----------n o-----------f d-----------efe-----------cti-----------ve -----------inv-----------ent-----------ory-----------
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