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PROBLEM #2 (2 points each; 20 points) The Jamian Company uses special journa of entries made...


PROBLEM #2 (2 points each; 20 points) The Jamian Company uses special journa of entries made to the general ledger. Company u
PROBLEM #2 (2 points each; 20 points) The Jamian Company uses special journa of entries made to the general ledger. Company uses special journals to record like transaction to reduce the de to the general ledger. For each transaction below indicate which jou should be used by placing the correct letter in the space provided before each he space provided before each transa type. D. Cash disbursements journal E. General journal A. Sales journal B. Purchase journal C. Cash receipts journal 1. Sold merchandise on credit 2. Paid an employee's salary with cash 3. Purchased merchandise on credit 4. Sold merchandise for cash 5. Recorded adjusting entries at the end of a month 6. Borrowed cash from a bank 7. Purchased merchandise for cash 8. Recorded closing entries at Dec 31st __9. Made loan payment to the bank 10. Issued credit memo to customer infrequent event)
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Answer #1
  1. Sales journal
  2. Cash disbursement journal
  3. Purchase journal
  4. Sales journal and cash receipts journal
  5. General journal
  6. Cash receipts journal
  7. Purchase journal and cash disbursement journal
  8. General journal
  9. Cash disbursement journal
  10. General journal.
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