ACTIVITY 2: MATCHING TYPE - Indicate the letter of the journal in which the transaction can be most conveniently recorded. The first answer is given as an example. 0. Depreciation expense Purchase of inventory on account Cash withdrawals of the owner from the business 1. 2. Acquisition of equipment on cash basis Purchase of inventory on cash basis 3. 4. 5. Sale of goods on account 6. Payment of salaries expense 7. Sale of goods on cash basis 8. Cash investments of the owner to the business Payment of delivery expense for goods sold Adjusting entry to record bad debts expense 9. 10. A. Purchases journal B. Sales journal C. Cash receipts journal D. Cash disbursements journal E. General journal

Using the five journals as named here: • Sales, Purchases, Cash Receipts, Cash Disbursements, and General Using the following as possible column header titles (for vendors use "Ref." and for customers use "Acct. No."): Date, Account, Acct. No., Check No., Purchase Order No., Sales Invoice No., Ref. or None And using the accounts listed below, record journal entries for the following transactions, which uses the perpetual inventory system: Accounts Payable Merchandise Inventory Sales Accounts Purchases Sales Discounts Receivable Sales Returns and Cash Purchase Discounts Allowances Purchase Returns and Cost of Goods Sold Sales Tax Payable Allowances PLEASE NOTE: You must enter the journal names, header titles, and account names exactly as written above (or in the transactions below) and all dollar amounts will be with "$" and commas as needed (i.e. $12,345). If no dollar amount is needed, please use "$0" or if no information is provided, please use "None" - no quotation marks. • On Jun.…

Operating activities include all of the following except:   Question 5 options:   purchasing goods for resale   performing services   Paying employee salaries   Purchasing a cash register

B4.