Mitsui Corporation is a major distributor of school portables. All sales have terms 1/10, n/15. During July, the following select transactions occurred. For each transaction, identify into which special journal it should be journalized. Use SJ for sales journal, CRJ for cash receipts journal, and GJ for general journal. Also indicate if the accounts receivable sub-ledger is affected.

Transcribed Image Text:

Date July 1 July 2 July 5 July 14 July 22 July 31 July 31 Transaction Sold merchandise on account Defective merchandise sold on July 1 was returned by the customer due to incorrect colour Received payment regarding the July 1 sale Sold merchandise for cash Sold old equipment for cash Record accrued salaries for the month Accrued utilities for the month of July Special Journal Affects Sub-ledger?