For Each of the Transactions Listed Below, Select the Journal

question 46

Multiple Choice

For each of the transactions listed below, select the journal that should be used to record the transaction. Use CR for cash receipts journal, CP for cash payments journal, S for sales journal, P for purchases journal, and G for general journal.
-Purchased merchandise with terms of net 30 days.

• A)CR for cash receipts journal
• B)CP for cash payments journal
• C)S for sales journal
• D)P for purchases journal
• E)G for general journal.

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Definitions:

Protons

Positively charged subatomic particles found in the nucleus of an atom, contributing to the atom's mass and defining the element.

Electrons

Particles smaller than atoms with a negative charge, essential for conducting electricity in solid substances.

Buffers

Substances that minimize changes in pH by absorbing or releasing hydrogen ions, helping maintain a stable environment in solutions like blood.

Salts

Ionic compounds resulting from the neutralization reaction of an acid and a base, consisting of cations (other than H+) and anions (other than OH-).