For Each of the Transactions Listed Below, Identify the Journal

question 5

Short Answer

For each of the transactions listed below, identify 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.
A)Issued a check to a supplier as a payment on account.
B)Received an allowance for some merchandise that was slightly damaged but can be sold at a reduced price. Received a credit memorandum.
C)Returned some damaged merchandise to a supplier and received a credit memorandum.
D)Purchased merchandise with terms of net 30 days.
E) Purchased merchandise with terms of 2/10, n/30. The supplier's invoice includes a freight charge.

• A)Issued a check to a supplier as a payment on account.
• B)Received an allowance for some merchandise that was slightly damaged but can be sold at a reduced price. Received a credit memorandum.
• C)Returned some damaged merchandise to a supplier and received a credit memorandum.
• D)Purchased merchandise with terms of net 30 days.
• E) Purchased merchandise with terms of 2/10, n/30. The supplier's invoice includes a freight charge.

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Definitions:

Crime And Punishment

A concept referring to the legal and societal mechanisms for dealing with acts deemed harmful or unacceptable, involving the imposition of penalties.

Critical Thought

The objective analysis and evaluation of an issue in order to form a judgment.

Religious Beliefs

Convictions or faith in specific religious principles, deities, or doctrines that guide individuals' thoughts and actions.

Critical Rationalists

Philosophers or thinkers who emphasize the importance of critical scrutiny and rational argument in the pursuit of knowledge.