es 2, 3 E-F:7-23 Identifying errors in special journals Transaction a. Henry Associates paid $490 on account for an earlier purchase of merchandise inventory. b. Recorded depreciation expense for the month. c. Collected interest revenue. d. Sold merchandise inventory on account. e. Issued check no. 535 for purchase of merchandise inventory. f. Returned damaged inventory that was purchased on account. g. Sold merchandise inventory for cash. Recording Purchases journal Cash payments journal Cash receipts journal Cash receipts journal Purchases journal Purchases journal Sales journal For each transaction listed, identify the recording error and indicate the journal that should have been used.

2, 3 E-F:7-23 Identifying errors in special journals For each transaction listed, identify the recording error and indicate the journal that should have been used