Classify and fill which type of journal does the transaction matches. Customers sent in cash to settle an accounts receivablePurchased merchandise for cashOwner invested more cash in the businessPaid cash to settle the utility billPurchased merchandise on creditSold merchandise for cashBought store supplies for cashBorrowed cash from the bank

Answered: Classify and fill which type of journal…

Business

Accounting

Classify and fill which type of journal does the transaction matches.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 24MC: You just posted a credit to Accounts Receivable. Which special journal did it come from? A. sales...

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Question

Classify and fill which type of journal does the transaction matches.

Customers sent in cash to settle an accounts receivable
Purchased merchandise for cash
Owner invested more cash in the business
Paid cash to settle the utility bill
Purchased merchandise on credit
Sold merchandise for cash
Bought store supplies for cash
Borrowed cash from the bank

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