A Company Entered into the Following Transactions

question 69

Short Answer

A company entered into the following transactions.For each transaction,indicate the appropriate journal.
a.Sales Journal
b.Purchases Journal
c.Cash Receipts Journal
d.Cash Disbursements Journal
e.General Journal
____ 1.Purchased merchandise for cash.
____ 2.Sold merchandise for cash.
____ 3.Purchased merchandise on credit.
____ 4.Sold merchandise on credit
____ 5.Paid cash to settle the utility bill.
____ 6.Owner invested more cash in the business.
____ 7.Recorded depreciation for the period.
____ 8.Borrowed cash from the bank.
____ 9.Bought store supplies for cash.
____ 10.Customer sent in cash to settle an account receivable.

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Definitions:

Dollar Bill

A paper currency of the United States valued at one hundred cents.