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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.


Definitions:

Reason

The cognitive process of looking for reasons, forming conclusions, judgments, or inferences based on logical premises or evidence.

Education

The process of receiving or giving systematic instruction, especially at a school or university.

Intelligence

An inferred characteristic of an individual, usually defined as the ability to profit from experience, acquire knowledge, think abstractly, act purposefully, or adapt to changes in the environment.

Acquire Knowledge

The process of learning or obtaining information, understanding, or skills through experience, study, or being taught.

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