A Company Entered into the Following Transactions

question 47

Essay

A company entered into the following transactions. For each transaction, indicate the appropriate journal in which it would be recorded.
$\begin{array}{|l|l|}\hline {\text { Transaction }} & \text { Record in Journal } \\\hline \text { 1. Borrowed cash from the bank } & \\\hline \text { 2. Purchased merchandise for cash } & \\\hline \text { 3. Paid cash to settle the utility bill } & \\\hline \text { 4. Customer sent in cash to settle an account } & \\\text { receivable } & \\\hline \text { 5. Purchased merchandise on credit } & \\\hline \text { 6. Recorded depreciation for the period } & \\\hline \text { 7. Sold merchandise on credit } & \\\hline \text { 8. Sold merchandise for cash } & \\\hline \text { 9. Bought store supplies for cash } & \\\hline \text { 10. Owner invested more cash in the business } & \\\hline\end{array}$

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Definitions:

Man-Made

Something made or constructed by human beings rather than occurring naturally in the environment.

Permanent Magnets

Materials that maintain a persistent magnetic field without the need for continuous energy input.

Natural Magnets

Materials found in nature that possess magnetic properties capable of attracting iron, such as magnetite or lodestone.

Magnetic Poles

The two ends of a magnet where the magnetic field is strongest, conventionally labeled as the North and South poles.