Use the following abbreviations to indicate the journal in which you would record transactions a through n.
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Use the following abbreviations to indicate the journal in which you would record transactions a through n.
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J = General journal S = Sales journal CR = Cash receipts journal P = Purchases journal CP = Cash payments journal Transactions: a. Cash purchase of merchandise inventory b. Collection of dividend revenue earned on an investment c. Prepayment of insurance d. Borrowing money on a long-term note payable e. Purchase of equipment on account f. Cost of goods sold along with a credit sale
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Related Book For
Horngrens Financial And Managerial Accounting The Managerial Chapters
ISBN: 9781292412337
7th Global Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
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