General Electronics uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal,

Question:

General Electronics uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal as illustrated in this chapter. General recently completed the following transactions a through h. Identify the journal in which each transaction should be recorded.
a. Paid cash to a creditor.
b. Sold merchandise on credit.
c. Purchased shop supplies on credit.
d. Paid an employee’s salary in cash.
e. Borrowed cash from the bank.
f. Sold merchandise for cash.
g. Purchased merchandise on credit.
h. Purchased inventory for cash.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

Question Posted: