Question: QS 7 - 1 1 ( Algo ) Entries in the general journal LO P 1 , P 2 , P 3 , P 4

QS 7-11(Algo) Entries in the general journal LO P1, P2, P3, P4
Biloxi Gifts uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. The transactions are given below:
November 2The company purchased $4,500 of merchandise on credit from the Midland Company, terms 2/10, n/30.November 12The owner, T. Biloxi, contributed an automobile worth $36,000 to the company.November 16The company sold $2,150 of merchandise (cost is $1,180) on credit to K. Myer, terms n/30.November 19Biloxi granted K. Myer an allowance (price reduction) of $365 for merchandise sold on November 16. Biloxi credited accounts receivable for that amount.
Journalize transactions that should be recorded in the general journal.
Identify the journal where each of the following transactions should be recorded.

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