Gates Company Maintains Four Special Journals and a General Journal

Gates Company maintains four special journals and a general journal to record its transactions. Using the code below, indicate in the space provided the appropriate journal for recording the transactions listed.
Code Journals
S Sales journal
CR Cash receipts journal
CP Cash payments journal
P Single-column purchases journal
G General journal
1. Stockholders invested cash in the business.
2. Purchased store supplies on account.
3. Sold merchandise to customer on account.
4. Purchased a 2-year fire insurance policy for cash.
5. Received a check from a customer as payment on account.
6. Paid for store supplies purchased in transaction 2.
7. Purchased merchandise on account.
8. Issued a credit memorandum to a customer who returned defective merchandise previously sold on account.
9. Purchased office equipment for cash.
10. Made an adjusting entry for store supplies used during the period.

Correct Answer:

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1. CR 6. CP
2. G 7. ...

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