Refer to the information provided for Wong Company in EC-2.

Instructions

(a) Draw cash receipts and cash payments journals (see Illustrations C-5 and C-7) and a general journal. Use page 1 for each journal.
(b) Record the transaction(s) provided in EC–2 that should be recorded in the cash receipts journal.
(c) Record the transaction(s) provided in EC–2 that should be recorded in the cash payments journal.
(d) Record the transaction(s) provided in EC–2 that should be recorded in the general journal.

Data From EC-2:

Wong Company, a sole proprietorship owned by V. Wong, uses special journals and a general journal. The company uses a perpetual inventory system and had the following transactions:

Wong Company, a sole proprietorship owned by V. Wong, uses special journals and a general journal. The company uses a perpetual inventory system and had the following transactions: