All Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Identify the journal in which each of the transactions should be recorded. Date Transaction November 1 The company paid Weeks Company $4,310 cash for the merchandise purchased on October 27. November 3 Purchased $5,670 of merchandise on credit from Sanders Corporation terms n/30. November 4 Sold merchandise costing $5,350 to M. Plumlee for $8,450 on credit, terms 2/15, n/45, invoice number 2334. November 11 Sold merchandise costing $870 to S. Hawes for $960 cash, invoice number 2891. November 17 Sold used store machinery (noninventory) for $2,342 cash to Lowry Corporation. November 22 Sold merchandise costing $4,230 to Rodgers Company for $7,120 cash, invoice number 4309. November 24 The company received $980 cash from J. Than in payment of the November 7 purchase. November 27 Issued check number 231 to Davis Corporation to buy office supplies for $450. Journal + Purchases journal
All Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Identify the journal in which each of the transactions should be recorded. Date Transaction November 1 The company paid Weeks Company $4,310 cash for the merchandise purchased on October 27. November 3 Purchased $5,670 of merchandise on credit from Sanders Corporation terms n/30. November 4 Sold merchandise costing $5,350 to M. Plumlee for $8,450 on credit, terms 2/15, n/45, invoice number 2334. November 11 Sold merchandise costing $870 to S. Hawes for $960 cash, invoice number 2891. November 17 Sold used store machinery (noninventory) for $2,342 cash to Lowry Corporation. November 22 Sold merchandise costing $4,230 to Rodgers Company for $7,120 cash, invoice number 4309. November 24 The company received $980 cash from J. Than in payment of the November 7 purchase. November 27 Issued check number 231 to Davis Corporation to buy office supplies for $450. Journal + Purchases journal
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter10: Cash Receipts And Cash Payments
Section: Chapter Questions
Problem 5E
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Please don't provide answer in image format thank you.
![All Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Identify the
journal in which each of the transactions should be recorded.
Date
Transaction
November 1 The company paid Weeks Company $4,310 cash for the merchandise purchased on October 27.
November 3 Purchased $5,670 of merchandise on credit from Sanders Corporation terms n/30.
November 4 Sold merchandise costing $5,350 to M. Plumlee for $8,450 on credit, terms 2/15, n/45, invoice number 2334.
November 11 Sold merchandise costing $870 to S. Hawes for $960 cash, invoice number 2891.
November 17 Sold used store machinery (noninventory) for $2,342 cash to Lowry Corporation.
November 22 Sold merchandise costing $4,230 to Rodgers Company for $7,120 cash, invoice number 4309.
November 24 The company received $980 cash from J. Than in payment of the November 7 purchase.
November 27 Issued check number 231 to Davis Corporation to buy office supplies for $450.
Journal
Purchases journal](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4eff677f-4b5e-4c82-bc74-9f05443b08d6%2F97b4bfd2-e4ee-4e7e-b01b-3c5cd258106f%2F7poqlwm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:All Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Identify the
journal in which each of the transactions should be recorded.
Date
Transaction
November 1 The company paid Weeks Company $4,310 cash for the merchandise purchased on October 27.
November 3 Purchased $5,670 of merchandise on credit from Sanders Corporation terms n/30.
November 4 Sold merchandise costing $5,350 to M. Plumlee for $8,450 on credit, terms 2/15, n/45, invoice number 2334.
November 11 Sold merchandise costing $870 to S. Hawes for $960 cash, invoice number 2891.
November 17 Sold used store machinery (noninventory) for $2,342 cash to Lowry Corporation.
November 22 Sold merchandise costing $4,230 to Rodgers Company for $7,120 cash, invoice number 4309.
November 24 The company received $980 cash from J. Than in payment of the November 7 purchase.
November 27 Issued check number 231 to Davis Corporation to buy office supplies for $450.
Journal
Purchases journal
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