Poole Company maintains four special journals and a general journal to record its transactions. Indicate the appropriate journal for recording the transactions listed. 1.   Mr. Richey Poole invested cash in the business.                                                              Sales journalGeneral journalCash payments journalSingle-column purchases journalCash receipts journal 2.   Purchased store supplies on account.                                                              Sales journalGeneral journalSingle-column purchases journalCash receipts journalCash payments journal 3.   Sold merchandise to customer on account.                                                              General journalCash payments journalCash receipts journalSingle-column purchases journalSales journal 4.   Purchased a 2-year fire insurance policy for cash.                                                              Cash payments journalGeneral journalCash receipts journalSingle-column purchases journalSales journal 5.   Received a check from a customer as payment on account.                                                              Cash payments journalGeneral journalSingle-column purchases journalCash receipts journalSales journal 6.   Paid for store supplies purchased in transaction 2.                                                              Sales journalSingle-column purchases journalGeneral journalCash payments journalCash receipts journal 7.   Purchased merchandise on account.                                                              Cash receipts journalSales journalCash payments journalGeneral journalSingle-column purchases journal 8.   Issued a credit memorandum to a customer who returned defective merchandise previously sold on account.                                                              Cash payments journalSales journalCash receipts journalSingle-column purchases journalGeneral journal 9.   Purchased office equipment for cash.                                                              Cash receipts journalSales journalGeneral journalCash payments journalSingle-column purchases journal 10.   Made an adjusting entry for store supplies used during the period.                                                              Cash payments journalCash receipts journalSingle-column purchases journalSales journalGeneral journal

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter12: Special Journals
Section: Chapter Questions
Problem 12SPB: PURCHASES JOURNAL, CASH PAYMENTS JOURNAL, AND GENERAL JOURNAL Debbie Mueller owns a small retail...
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Poole Company maintains four special journals and a general journal to record its transactions. Indicate the appropriate journal for recording the transactions listed.

1.   Mr. Richey Poole invested cash in the business.                                                              Sales journalGeneral journalCash payments journalSingle-column purchases journalCash receipts journal
2.   Purchased store supplies on account.                                                              Sales journalGeneral journalSingle-column purchases journalCash receipts journalCash payments journal
3.   Sold merchandise to customer on account.                                                              General journalCash payments journalCash receipts journalSingle-column purchases journalSales journal
4.   Purchased a 2-year fire insurance policy for cash.                                                              Cash payments journalGeneral journalCash receipts journalSingle-column purchases journalSales journal
5.   Received a check from a customer as payment on account.                                                              Cash payments journalGeneral journalSingle-column purchases journalCash receipts journalSales journal
6.   Paid for store supplies purchased in transaction 2.                                                              Sales journalSingle-column purchases journalGeneral journalCash payments journalCash receipts journal
7.   Purchased merchandise on account.                                                              Cash receipts journalSales journalCash payments journalGeneral journalSingle-column purchases journal
8.   Issued a credit memorandum to a customer who returned defective merchandise previously sold on account.                                                              Cash payments journalSales journalCash receipts journalSingle-column purchases journalGeneral journal
9.   Purchased office equipment for cash.                                                              Cash receipts journalSales journalGeneral journalCash payments journalSingle-column purchases journal
10.   Made an adjusting entry for store supplies used during the period.                                                              Cash payments journalCash receipts journalSingle-column purchases journalSales journalGeneral journal
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