The accounting system of Great Harvest Healthy Foods includes the journals listed below. Indicate the specific journal
Question:
The accounting system of Great Harvest Healthy Foods includes the journals listed below. Indicate the specific journal in which each of the transactions listed below would be recorded.
Journal
Cash receipts journal Sales journal Purchases journal
Cash payments journal General journal
Transcribed Image Text:
DATE TRANSACTIONS May 1 Purchased merchandise on credit. 2 Sold merchandise on credit. 3 Accepted a return of merchandise from a credit customer. 4 Sold merchandise for cash. 5 Gave an allowance for damaged merchandise. 6 Received a payment on account from a credit customer. Issued a check to pay a creditor on account. Received an additional cash investment from the owner. 7 8
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Related Book For
College Accounting Chapters 1-30
ISBN: 9781260247909
16th Edition
Authors: David Haddock, John Price, Michael Farina
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