Indicate the journal in which each of the following transactions should be recorded. Assume a three-column purchases journal. Paid a creditor on account. Bought merchandise on account. Sold...









  1. Indicate the journal in which each of the following transactions should be recorded. Assume a three-column purchases journal.



    1. Paid a creditor on account.





    2. Bought merchandise on account.





    3. Sold merchandise for cash.





    4. Adjusted for insurance expired.





    5. Received payment on account from a charge customer.





    6. Received a credit memo for merchandise returned.





    7. Bought equipment on credit.





    8. Sold merchandise on account.





    9. Recorded a customer's NSF check.





    10. Invested personal noncash assets in the business.





    11. Withdrew cash for personal use.













options:



  • Cash Payments

  • Cash Receipts

  • General Journal

  • Purchases

  • Sales




Jun 09, 2022
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