Special Journals  Instructions: Moss Company maintains four special journals and a general journal to record its transactions. For each of the transactions listed below, place an (X) in the box which indicates the appropriate journal for recording that transaction. Journal Code: S=Sales journal CR=Cash receipts journal CP=Cash payments journal P=One column purchases journal G=General journal   Journals S CR CP P G               1.Mr. Moss invests cash in the business.                         2.Purchased equipment for cash.                         3.Purchased supplies on account.                         4.Purchased inventory on account.Purchased merchandise inventory on account.              Purchased merchandise inventory on                         5.Sold merchandise to customers on account.                         6.Paid for supplies previously purchased on account.                         7.Mr. Moss withdrew cash from the business for personal expenses.                         8.Sold merchandise to customers for cash.              Received a check from a customer as payment on account.Received a check from a customer as payment on account.                         9.Received a check from a customer as payment on account.           10.Recorded depreciation expense on equipment.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Special Journals 

Instructions: Moss Company maintains four special journals and a general journal to record its transactions. For each of the transactions listed below, place an (X) in the box which indicates the appropriate journal for recording that transaction.

Journal Code:

S=Sales journal

CR=Cash receipts journal

CP=Cash payments journal

P=One column purchases journal

G=General journal

 

Journals

S

CR

CP

P

G

              1.Mr. Moss invests cash in the business.

 

 

 

 

 

              2.Purchased equipment for cash.

 

 

 

 

 

              3.Purchased supplies on account.

 

 

 

 

 

              4.Purchased inventory on account.Purchased merchandise inventory on account.              Purchased merchandise inventory on

 

 

 

 

 

              5.Sold merchandise to customers on account.

 

 

 

 

 

              6.Paid for supplies previously purchased on account.

 

 

 

 

 

              7.Mr. Moss withdrew cash from the business for personal expenses.

 

 

 

 

 

              8.Sold merchandise to customers for cash.              Received a check from a customer as payment on account.Received a check from a customer as payment on account.

 

 

 

 

 

              9.Received a check from a customer as payment on account.

 

 

 

 

 

10.Recorded depreciation expense on equipment.

 

 

 

 

 

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