1. Place an X in the column that indicates the journal in which each of the...

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1. Place an X in the column that indicates the journal in which each of the following transactions will be recorded in. Item Sold employee refrigerator on account Bought office supplies for cash Sold merchandise for cash Bought office furniture on account e. Received credit memo for merchandise returned a. b. C. d. ¤ f. g. h. i. Sold employee refrigerator on account Issued credit memo for merchandise returned by customer Recorded and paid month's payroll Paid freight on office furniture Sales Journal Purchases General Journal Journal 1. Place an X in the column that indicates the journal in which each of the following transactions will be recorded in. Item Sold employee refrigerator on account Bought office supplies for cash Sold merchandise for cash Bought office furniture on account e. Received credit memo for merchandise returned a. b. C. d. ¤ f. g. h. i. Sold employee refrigerator on account Issued credit memo for merchandise returned by customer Recorded and paid month's payroll Paid freight on office furniture Sales Journal Purchases General Journal Journal

Answer rating: 100% (QA)

The transactions do not require calculations but an understanding of basic accounting principles for journal entries Heres how each transaction should be categorized a Sold employee refrigerator on ac... View the full answer