Matching
Indicate in which journal the transactions given below would be recorded.
Premises:
Recorded adjusting entries
Sold merchandise to customer on account
Received cash on account from customer
Purchased merchandise for resale on account
Paid shipping charges on merchandise purchased on account
Customer returned merchandise sold on account
Owner withdrew cash for personal use
Purchased equipment on account
Responses:
General Journal
Cash Receipts Journal
Sales Journal
Cash Payments Journal
Purchases Journal
Correct Answer:
Premises:
Responses:
Recorded adjusting entries
Sold merchandise to customer on account
Received cash on account from customer
Purchased merchandise for resale on account
Paid shipping charges on merchandise purchased on account
Customer returned merchandise sold on account
Owner withdrew cash for personal use
Purchased equipment on account
Premises:
Recorded adjusting entries
Sold merchandise to customer on account
Received cash on account from customer
Purchased merchandise for resale on account
Paid shipping charges on merchandise purchased on account
Customer returned merchandise sold on account
Owner withdrew cash for personal use
Purchased equipment on account
Responses:
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