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Category > Management Posted 11 Jul 2017 My Price 12.00

cash payments journal

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

Maurice Tutor
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Status NEW Posted 11 Jul 2017 04:07 PM My Price 12.00

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