Match the correct journal book for each of the transactions. Activity 1. A. Cash Receipts Journal B. Cash Disbursement Journal C. Purchase Journal D. Sales Journal E. General Journal _1. Owner's cash investment _2. On account Sales _3. Payment of electric bill _4.Purchase of office supplies on account 5. Sold old office equipment on account _6. Sold inventory on account _7. Received but did not pay phone bill _8. Received proceeds of borrowed money from the bank _9. Returned goods from cash sales _10. Down payment made on purchase of merchandise. _11. A customer who bought merchandise on account returned the some defective items he receive. _12. The company issued check in payment of the merchandise purchased. _13. Received a check payment from a customer. _14. The company returned damaged goods purchased in cash from its supplier. _15. Owner invested her personal car in the business.

Match the correct journal book for each of the transactions. Activity 1. A. Cash Receipts Journal B. Cash Disbursement Journal C. Purchase Journal D. Sales Journal E. General Journal _1. Owner's cash investment _2. On account Sales _3. Payment of electric bill _4.Purchase of office supplies on account 5. Sold old office equipment on account _6. Sold inventory on account _7. Received but did not pay phone bill _8. Received proceeds of borrowed money from the bank _9. Returned goods from cash sales _10. Down payment made on purchase of merchandise. _11. A customer who bought merchandise on account returned the some defective items he receive. _12. The company issued check in payment of the merchandise purchased. _13. Received a check payment from a customer. _14. The company returned damaged goods purchased in cash from its supplier. _15. Owner invested her personal car in the business.

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Description: Match the correct journal book for each of the transactions.Activity 1.A. Cash Receipts JournalB. Cash Disbursement JournalC. Purchase JournalD. Sales JournalE. General Journal_1. Owner's cash investment_2. On account Sales3. Payment of electric bil

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 4EA: For each of the transactions, state which special journal (sales journal, cash receipts journal,...

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