Chiara Accessories Ltd uses special journals and a general journal. Identify the journal in which each of the following transactions is recorded.

(a) Purchased equipment on account.

(b) Purchased inventory on account.

(c) Paid utility expense in cash.

(d) Sold inventory on account.

(e) Received cash from a customer.

(f) Closing rent expense to the profit or loss summary account.

Reasoning In order to assist the owner of Chiara Accessories Ltd firstly ensure you understand the four special journals and that you thoroughly understand the kind of transactions that are recorded in each of the special journals.