Question: indicate in the margin beside each transaction the journal the transaction should be recorded in (ex. SJ, PJ, CRJ, CDJ, or GJ) and the special

indicate in the margin beside each transaction the journal the transaction should be recorded in (ex. SJ, PJ, CRJ, CDJ, or GJ) and the special journal entry and respective subsidiary and general ledgers

- Paid Pirates, Inc. balance owed. (Check \#544). - Paid Bailey Corp. balance owed. (check \#545) - Bought inventory items from Tarheel Industries on account for the gross amount of $25,000 (invoice \#NI1211). Terms 2/30, n/60. - Received a check from Summers that reduced his balance owed by $15,680. - Received cash dividends of $5,000 from our investment in Hokie, Inc. - Sold merchandise with a gross sales price of $24,000 on account to Riley (invoice \#12012). Terms 2/15,n/30

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