Johnson Company maintains four special journals and a general journal to record its transactions. Using the code below, indicate in the space provided the appropriate journal for recording the transactions listed. Code Journals S Sales journal CR Cash receipts journal CP Cash payments journal P Single-column purchases journal G General journal
- Johnson Company maintains four special journals and a general journal to record its transactions. Using the code below, indicate in the space provided the appropriate journal for recording the transactions listed.
Code Journals
S Sales journal
CR Cash receipts journal
CP Cash payments journal
P Single-column purchases journal
G General journal
_____ 1. Mr. Johnson invested cash in the business.
_____ 2. Purchased store supplies on account.
_____ 3. Sold merchandise to customer on account.
_____ 4. Purchased a 2-year fire insurance policy for cash.
_____ 5. Received a check from a customer as payment on account.
_____ 6. Paid for store supplies purchased in transaction 2.
_____ 7. Purchased merchandise on account
_____ 8. Issued a credit memorandum to a customer who returned defective merchandise previously sold on account.
_____ 9. Purchased office equipment for cash.
_____ 10. Made an
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