Journal entry : A journal entry is a standardized technique of recording business transaction in accountancy. General Journal: The transactions which are not recorded in the special journals namely, sales journal, purchase journal, cash receipt journal, and cash disbursement journal are recorded in the general journal. Sales Journal: The journal where all the credit sales of merchandise are recorded is called a Sales Journal. Purchases Journal: It is the journal where all the purchase on accounts or credit purchase of merchandise, supplies, equipment etc. are recorded. To determine : Determine the journal entries for the transactions to be recorded in the general journal and identity the transactions that should be recorded in the special journal.

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Chapter 7, Problem 10QS

To determine

Journal entry:

A journal entry is a standardized technique of recording business transaction in accountancy.

General Journal:

The transactions which are not recorded in the special journals namely, sales journal, purchase journal, cash receipt journal, and cash disbursement journal are recorded in the general journal.

Sales Journal:

The journal where all the credit sales of merchandise are recorded is called a Sales Journal.

Purchases Journal:

It is the journal where all the purchase on accounts or credit purchase of merchandise, supplies, equipment etc. are recorded.

To determine:

Determine the journal entries for the transactions to be recorded in the general journal and identity the transactions that should be recorded in the special journal.

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