Classify the journal which will be used to record the transactions listed. Write “SJ” for purchases journal, “CRJ” for cash receipts journal, “CDJ” for cash disbursement journal, and “GJ” for general journal. Write your answer on a clean sheet of paper. 1. The owner initially invested cash and store equipment into the business. 2. The company sold merchandise on term 2/10, n/30. 3. The company purchased furniture and fixtures on terms 50%down, balance 2/10, n/30 4. The company purchased office supplies on term COD. 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. 7. The company purchased merchandise on terms 50% down, balance 30-day 12% note. 8. The owner withdrew some office supplies for personal use. 9. The company purchased merchandise on terms 2/10, 1/15, n/30. 10. The company recorded the adjusting entry for expired rent.
Classify the journal which will be used to record the transactions listed. Write “SJ” for
purchases journal, “CRJ” for cash receipts journal, “CDJ” for cash disbursement journal, and
“GJ” for general journal. Write your answer on a clean sheet of paper.
1. The owner initially invested cash and store equipment into the business.
2. The company sold merchandise on term 2/10, n/30.
3. The company purchased furniture and fixtures on terms 50%down, balance 2/10, n/30
4. The company purchased office supplies on term COD.
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.
7. The company purchased merchandise on terms 50% down, balance 30-day 12%
note.
8. The owner withdrew some office supplies for personal use.
9. The company purchased merchandise on terms 2/10, 1/15, n/30.
10. The company recorded the
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