Poole Company maintains four special journals and a general journal to record its transactions. Indicate the appropriate journal for recording the transactions listed.

1.		Mr. Richey Poole invested cash in the business.		Sales journalGeneral journalCash payments journalSingle-column purchases journalCash receipts journal
2.		Purchased store supplies on account.		Sales journalGeneral journalSingle-column purchases journalCash receipts journalCash payments journal
3.		Sold merchandise to customer on account.		General journalCash payments journalCash receipts journalSingle-column purchases journalSales journal
4.		Purchased a 2-year fire insurance policy for cash.		Cash payments journalGeneral journalCash receipts journalSingle-column purchases journalSales journal
5.		Received a check from a customer as payment on account.		Cash payments journalGeneral journalSingle-column purchases journalCash receipts journalSales journal
6.		Paid for store supplies purchased in transaction 2.		Sales journalSingle-column purchases journalGeneral journalCash payments journalCash receipts journal
7.		Purchased merchandise on account.		Cash receipts journalSales journalCash payments journalGeneral journalSingle-column purchases journal
8.		Issued a credit memorandum to a customer who returned defective merchandise previously sold on account.		Cash payments journalSales journalCash receipts journalSingle-column purchases journalGeneral journal
9.		Purchased office equipment for cash.		Cash receipts journalSales journalGeneral journalCash payments journalSingle-column purchases journal
10.		Made an adjusting entry for store supplies used during the period.		Cash payments journalCash receipts journalSingle-column purchases journalSales journalGeneral journal

Answer rating: 100% (QA)

1 Mr Richey invested cash in the business Cash Receipts Journal 2 Purchased store supplies on accoun... View the full answer