A B Question 21 2 3 C D F G H JK 4 Abercrombie Company uses four special journals: Purchases, Sales, Cash Receipts, and Cash Disbursements. The following 5 transactions were incurred during August: 7 69 Aug.1 Purchased merchandise from Able Co. for $2,000, terms 2/10, n/30. 8 3 Purchased merchandise from Baker Co. for $1,000, terms 1/15, n/30. 9 10 Invoice No. 245. 11 4 Sold merchandise on credit to Coe Co. for $4,000, terms 2/10, n/30, 8 Purchased office supplies on credit from Echo Co. for $300, terms n/30. 12 9 Returned merchandise costing $200 to Able Co. from August 1 purchase. 13 11 Paid Able Co. for the August 1 purchase, Cheque No. 758. 14 13 Received payment from Coe Co. for August 4 sale. 15 16 17 18 19 15Paid rent expense $1,500, Cheque No. 759. 18 Received $2,300 for a $2,000 note receivable from Fox Corp. 20Made payment in full to Baker Co. for the August 3 purchase, Cheque No. 760, 28 Recorded cash sales for the month $9,000. 20 29 Paid monthly telephone bill $250, Cheque No. 761. 21 22 REQUIRED 23 a Record the appropriate transactions in the General Journal 24 b 25 For the transactions not recorded in the General Journal, indicate the correct journal of original entry. MCQ Ques 21 Ques 22 Ques 23 Ques 24 QUES 25 18 marks total