For Each of the Transactions Listed Below, Select the Journal

question 19

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.
-Received an allowance for some merchandise that was slightly damaged but can be sold at a reduced price. Received a credit memorandum.

• 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:

Ethnocentrism

The tendency to look at situations from one’s own racial or cultural perspective.

Jigsaw Technique

An educational approach designed to promote cooperation and reduce competition in classrooms by assigning students to small groups where each member contributes part of the solution to a problem.

Diversity Education

An educational approach aimed at increasing awareness, understanding, and appreciation of diverse cultures, backgrounds, and perspectives within a community or institution.

Stereotype

A fixed, overgeneralized belief about a particular group or class of people, often leading to prejudicial attitudes and behaviors.