1. CLASSIFICATIONDirections: Classify the journal which will be used to record the transactions listed below. Write SJ forSales Journal, PJ for Purchases Journal, CRJ for Cash Receipts Journal, CDJ for Cash DisbursementsJournal, ard GJ for General JournalGJ1. The owner initially invested cash and store equipment into the business.2. The company sold merchandise on terms 2/10, n/303 The company purchased furniture and fixtures on terms 50% down, balance 2 10, n/30.GTCOJ 4. The company purchased office supplies on terms COD.CRT 5. The company returned some defective office supplies bought in # 4 and received a cashrefund.GJ 6. The company received a debit memo from the customer in #2 for the return of defectivemerchandise sold.7. The company purchased merchandise on terms 50°o down, balance 30-day 12°o note.8 The owner withdrew some office supplies for personal use.SJ619. The company purchased merchandise on terms 2/10, !/15, n/30.10 The company recorded the adjusting entry for expired rent.

Name: 1. CLASSIFICATIONDirections: Classify the journal which will be used
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Description: 1. CLASSIFICATIONDirections: Classify the journal which will be used to record the transactions listed below. Write SJ forSales Journal, PJ for Purchases Journal, CRJ for Cash Receipts Journal, CDJ for Cash DisbursementsJournal, ard GJ for General J

Sales Journal ( SJ ) : Whenever sales are made on credit , it is recorded in Sales Journal. Purchase…

Business

Accounting

1. CLASSIFICATION Directions: Classify the journal which will be used to record the transactions listed below Write SJ for Sales Journal, PJ for Purchases Journal, CRJ for Cash Receipts Journal, CDJ for Cash Disbursenments Journal, and GJ for General Journal GJ 1. The owner initially invested cash and store equipment into the business. GT 2. The company sold merchandise on terms 2/10, n/30 3 The company purchased furniture and fixtures on terms 50% down, balance 2 10, n 30 COS 4 The company purchased office supplies on terms COD. CRT 5. The company returned some defective office supplies bought in #4 and received a cash refund. 6. The company received a debit memo from the customer in #2 for the return of defective merchandise sold. GT 7. The company purchased merchandise on terms 50°o down, balance 30-day 12°o note. 8 The owner withdrew some office supplies for personal use. G1 9. The company purchased merchandise on terms 2/10, !/15, n/30. GS 10 The company recorded the adjusting entry for expired rent.

1. CLASSIFICATION Directions: Classify the journal which will be used to record the transactions listed below Write SJ for Sales Journal, PJ for Purchases Journal, CRJ for Cash Receipts Journal, CDJ for Cash Disbursenments Journal, and GJ for General Journal GJ 1. The owner initially invested cash and store equipment into the business. GT 2. The company sold merchandise on terms 2/10, n/30 3 The company purchased furniture and fixtures on terms 50% down, balance 2 10, n 30 COS 4 The company purchased office supplies on terms COD. CRT 5. The company returned some defective office supplies bought in #4 and received a cash refund. 6. The company received a debit memo from the customer in #2 for the return of defective merchandise sold. GT 7. The company purchased merchandise on terms 50°o down, balance 30-day 12°o note. 8 The owner withdrew some office supplies for personal use. G1 9. The company purchased merchandise on terms 2/10, !/15, n/30. GS 10 The company recorded the adjusting entry for expired rent.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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