(1)
Sales Journal
Sales journal records all the merchandise sales on credit. In a single column sales journal, debit aspect of
Purchase Journal
Purchase journal records all the merchandise purchase on credit. In a single column purchase journal, debit aspect of inventory and credit aspect of accounts payable are recorded, and then posted to individual subsidiary supplier account.
Cash Receipts Journal
Cash receipts journal is used to record merchandise sales and service made in cash and collection of accounts receivable. It also records all other cash receipts from issuance of shares and bonds, bank loans, and proceeds from disposal of assets. To include all these transactions, companies use multi-column cash receipts journal.
Cash Payments Journal
Cash payments journal is used to record merchandise purchases made in cash and payments of accounts payable. It also records all other cash payments to various purposes. To include all these transactions, companies use multi-column cash payments journal.
General Journal
It is a book where all the monetary transactions are recorded in the form of
To journalize: the transactions in a sales journal.
(2)
To journalize: the transactions in a purchase journal.
(3)
To journalize: the transactions in a cash receipt journal.
(4)
To journalize: the transactions in a cash payments journal.
(5)
To journalize: the transactions in a general journal.

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Chapter J Solutions
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