Match the following transactions to the special journal you would use to record them: Cash receipts Cash Purchases Sales General disbursement a) Paid cash to purchase inventory is recorded in the journal. b) Sold inventory for cash is recorded in the c) Recorded an adjusting entry for supplies is recorded in the journal journal. d) Received cash a week after selling items on credit is recorded in the e) Sold shares of stock for cash is recorded in the the journal. f) Paid for a purchase of inventory on account within the discount period is recorded in the g) Bought equipment for cash is recorded in the h) Paid for a purchase of inventory on account after the discount period has passed is recorded in the i) Paid a cash dividend to shareholders is recorded in the journal. i) Sold inventory on account is recorded in the journal. journal. journal. journal.

Match the following transactions to the special journal you would use to record them: Cash receipts Cash Purchases Sales General disbursement a) Paid cash to purchase inventory is recorded in the journal. b) Sold inventory for cash is recorded in the c) Recorded an adjusting entry for supplies is recorded in the journal journal. d) Received cash a week after selling items on credit is recorded in the e) Sold shares of stock for cash is recorded in the the journal. f) Paid for a purchase of inventory on account within the discount period is recorded in the g) Bought equipment for cash is recorded in the h) Paid for a purchase of inventory on account after the discount period has passed is recorded in the i) Paid a cash dividend to shareholders is recorded in the journal. i) Sold inventory on account is recorded in the journal. journal. journal. journal.

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Description: Match the following transactions to the special journal you would use torecord them:Cash receipts CashPurchasesSalesGeneraldisbursementa) Paid cash to purchase inventory is recorded in thejournal.b) Sold inventory for cash is recorded in thec) Recor

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 4EB: For each of the following transactions, state which special journal (Sales Journal, Cash Receipts...

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