John Dunn owns The Country Store, a small retail store. He uses a combination journal with the
Question:
John Dunn owns The Country Store, a small retail store. He uses a combination journal with the following columns.
Instructions
Use the form provided in your working papers. For each of the following selected transactions, indicate in which column(s) of the combination journal the debit and credit parts of the entry would be recorded. The first transaction has been completed as an example.
Transcribed Image Text:
General Debit General Credit Accounts Receivable Debit Accounts Receivable Credit Sales Credit Sales Tax Payable Credit Accounts Payable Debit Accounts Payable Credit Purchases Debit Cash in Bank Debit Cash in Bank Credit
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