Hinske Company had the following transactions during April. Identify the journal in which each of the transactions below is recorded.     Transactions   Journals 1.   Sold merchandise on account.   select a journal                                                           General JournalCash Receipts JournalPurchases JournalCash Payments JournalSales Journal 2.   Purchased merchandise on account.   select a journal                                                           General JournalCash Payments JournalSales JournalCash Receipts JournalPurchases Journal 3.   Collected cash from a sale to Renfro Company.   select a journal                                                           Purchases JournalCash Receipts JournalSales JournalGeneral JournalCash Payments Journal 4.   Recorded accrued interest on a note payable.   select a journal                                                           Cash Payments JournalPurchases JournalSales JournalCash Receipts JournalGeneral Journal 5.   Paid $2,000 for supplies.   select a journal                                                           Purchases JournalSales JournalGeneral JournalCash Payments JournalCash Receipts Journal

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A:

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Q: cash payments journal.

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is