For each of the transaction below, identify in which journal the transaction will be recorded: Purchased goods on credit 1.3.1 Customer returned goods purchased on credit 1.3.2 Cash sales 1.3.3 Paid Telephone account by EFT 1.3.4 Credit loss written off 1.3.5

For each of the transaction below, identify in which journal the transaction will be recorded: Purchased goods on credit 1.3.1 Customer returned goods purchased on credit 1.3.2 Cash sales 1.3.3 Paid Telephone account by EFT 1.3.4 Credit loss written off 1.3.5

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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Question

For each of the transaction below, identify in which journal the transaction will be recorded:

Purchased goods on credit	1.3.1
Customer returned goods purchased on credit	1.3.2
Cash sales	1.3.3
Paid Telephone account by EFT	1.3.4
Credit loss written off	1.3.5

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