Loose Leaf for Fundamental Accounting Principles
Loose Leaf for Fundamental Accounting Principles
23rd Edition
ISBN: 9781259687709
Author: John J Wild, Ken Shaw Accounting Professor, Barbara Chiappetta Fundamental Accounting Principles
Publisher: McGraw-Hill Education
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Chapter 7, Problem 2E
To determine

Concept Introduction:

Types of Journal: There are two types of journal in which a transaction is reflected or recorded.

The two types of journals are –

Special Journals that includes, sales journal, purchase journal, cash receipts journal and cash payment journals. All the transactions related to the type of journal are recorded in the respective journal

General Journal includes all the transactions other than the above mentioned transactions are recorded in this journal.

To identity:

The journals in which the May Transactions that would be recorded.

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