The Learning Journal is a space where you should reflect on what was learned during the week

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Question:

The Learning Journal is a space where you should reflect on what was learned during the week and how it applies to your daily life and will help you with your life (career) goals. Please complete the following tasks: Happy House Bakeshop uses a cash receipts journal, a sales journal, purchases journal, cash disbursements journal, cash receipts journal, and a general journal.

1). Identify which journal should be used to record each of the following transactions?

A. Adjusting entry to record depreciation

B. Purchase of baking equipment on credit

C. Sale of merchandise on credit

D. Sale of merchandise for cash

E. Cash refund to a customer who returned a product that was purchased

F. Return of merchandise to a vendor that was damage

G. Payment of property taxes

H. Purchase of a delivery van for cash

I. Purchase of merchandise on credit

2). Explain how special journals can benefit accounting personnel.

3). Explain what you have learned about companies using special journals.

4). What information covered in Unit 4 interest you most and why? Be sure that your Learning Journal entry is a minimum of 500 words. Make sure you cite and reference your sources of information in the APA format.