Match the following transactions to the special journal you would use to record them: * journal. 1. Sold inventory for cash is recorded in the [Select ] * journal. 2. Paid cash to purchase inventory is recorded in the [Select ] Select ] * journal. 3. Recorded an adjusting entry for supplies is recorded in the journal. 4. Received cash a week after selling items on credit is recorded in the [Select ] * journal. 5. Sold shares of stock for cash is recorded in the [ Select ] 6. Paid for a purchase of inventory on account within the discount period is recorded in the [ Select ] * journal. * journal. 7. Bought equipment for cash is recorded in the [Select ] 8. Paid for a purchase of inventory on account after the discount period has passed is recorded in the [ Select ] * journal. * journal. 9. Paid a cash dividend to shareholders is recorded in the [Select] * journal. .0. Sold inventory on account is recorded in the [Select ]
Match the following transactions to the special journal you would use to record them: * journal. 1. Sold inventory for cash is recorded in the [Select ] * journal. 2. Paid cash to purchase inventory is recorded in the [Select ] Select ] * journal. 3. Recorded an adjusting entry for supplies is recorded in the journal. 4. Received cash a week after selling items on credit is recorded in the [Select ] * journal. 5. Sold shares of stock for cash is recorded in the [ Select ] 6. Paid for a purchase of inventory on account within the discount period is recorded in the [ Select ] * journal. * journal. 7. Bought equipment for cash is recorded in the [Select ] 8. Paid for a purchase of inventory on account after the discount period has passed is recorded in the [ Select ] * journal. * journal. 9. Paid a cash dividend to shareholders is recorded in the [Select] * journal. .0. Sold inventory on account is recorded in the [Select ]
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Topic Video
Question
Match the following transactions to the special journal you would use to record them:
![Match the following transactions to the special journal you would use to record them:
1. Sold inventory for cash is recorded in the [Select ]
journal.
2. Paid cash to purchase inventory is recorded in the [Select]
journal.
3. Recorded an adjusting entry for supplies is recorded in the [Select ]
journal.
4. Received cash a week after selling items on credit is recorded in the [Select ]
journal.
5. Sold shares of stock for cash is recorded in the [Select ]
journal.
6. Paid for a purchase of inventory on account within the discount period is recorded in the
[ Select ]
journal.
7. Bought equipment for cash is recorded in the [Select]
journal.
8. Paid for a purchase of inventory on account after the discount period has passed is recorded in the
[ Select ]
journal.
9. Paid a cash dividend to shareholders is recorded in the Select ]
journal.
.0. Sold inventory on account is recorded in the [Select]
journal.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0ba0bb6e-e2c2-4193-9e84-578f833b18f1%2F02ea4e24-1ab8-416b-9b5b-7e81d883923f%2Fy43l45m_processed.png&w=3840&q=75)
Transcribed Image Text:Match the following transactions to the special journal you would use to record them:
1. Sold inventory for cash is recorded in the [Select ]
journal.
2. Paid cash to purchase inventory is recorded in the [Select]
journal.
3. Recorded an adjusting entry for supplies is recorded in the [Select ]
journal.
4. Received cash a week after selling items on credit is recorded in the [Select ]
journal.
5. Sold shares of stock for cash is recorded in the [Select ]
journal.
6. Paid for a purchase of inventory on account within the discount period is recorded in the
[ Select ]
journal.
7. Bought equipment for cash is recorded in the [Select]
journal.
8. Paid for a purchase of inventory on account after the discount period has passed is recorded in the
[ Select ]
journal.
9. Paid a cash dividend to shareholders is recorded in the Select ]
journal.
.0. Sold inventory on account is recorded in the [Select]
journal.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education