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:

Macro Design View

A feature in software applications that lets users create, edit, and manage macros through a visual interface to automate repetitive tasks.

Macro Wizard

A tool in software that guides users through the process of creating macros, which are sets of automated actions.

Macro Recorder

A software feature that records user actions to create a macro, thereby automating repetitive tasks within the application.

Program Flow

The sequence and logic of execution of the instructions in a software program.