A Company Entered into the Following Transactions

question 13

Short Answer

A company entered into the following transactions. Match each transaction with the appropriate journal in which it should be recorded.
a. Sales journal
b. Purchases journal
c. Cash receipts journal
d. Cash disbursements journal
e. General journal
_____ 1. Borrowed $7,000 cash from the local bank.
_____ 2. A customer returned a $250 item purchased on account.
_____ 3. Purchased merchandise on account, $2,100.
_____ 4. Purchased equipment on account for $4,000.
_____ 5. Paid $15,000 cash in wages to employees.
_____ 6. Paid a telephone bill for $3,400 cash.
_____ 7. Purchased $1,150 of office supplies on account.
_____ 8. Recorded depreciation on office equipment of $2,000.
_____ 9. Returned defective inventory purchased on account, $2,550.
_____ 10. Recorded cash sales of $12,700.

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Definitions:

Written Communication

The exchange of information or messages through written words, including letters, emails, reports, and social media posts.

Team-Based Work

A collaborative approach to work where individuals work together in groups towards a common goal, leveraging diverse skills and perspectives.

Jargon

Specialized language used by a specific profession, group, or culture that may be difficult for outsiders to understand.

Electronic Communication Tool

Digital platforms or software that enable users to exchange messages, data, or information electronically.