Trenton Iron Works uses a Sales Journal, a Purchases Journal, a Cash Receipts Journal, a Cash Disbursements

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Trenton Iron Works uses a Sales Journal, a Purchases Journal, a Cash Receipts Journal, a Cash Disbursements Journal, and a General Journal. Trenton recently completed the following transactions. List the transaction letters and, next to each letter, give the name of the journal in which the transaction should be recorded.
a. Sold merchandise on credit.
b. Purchased shop supplies on credit.
c. Paid an employee's salary.
d. Paid a creditor
e. Purchased merchandise on credit.
f. Borrowed money from the bank.
g. Sold merchandise for cash.
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Fundamental Accounting Principles

ISBN: 978-0071051507

Volume I, 14th Canadian Edition

Authors: Larson Kermit, Tilly Jensen

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