Exercise 7-10 Below are some typical transactions incurred by Ricketts Company For each transaction, indicate whether it would normally be recorded in a cash receipts journal, cash payments journal, sales journal, single-column purchases journal, or general journal Transactions Journals 1. Payment of creditors on account. 2. Return of merchandise sold for credit. 3. Collection on account from customers 4. Sale of land for cash 5. Sale of merchandise on account. 6. Sale of merchandise for cash. 7. Received credit for merchandise purchased on credit. 8. Sales discount taken on goods sold. 9. Payment of employee wages. 10. Income summary closed to owner's capital. 11 Depreciation on building. 12. Purchase of office supplies for cash 13. Purchase of merchandise on account. Click if you would like to Show Work for this question: Qpen Show Work