Chapter 2, Problem 2.23E

Special journals

• Appendix 2C

The White Company’s accounting system consists of a general journal (GJ), a cash receipts journal (CR), a cash disbursements journal (CD), a sales journal (SJ), and a purchases journal (PJ). For each of the following, indicate which journal should be used to record the transaction.

Transaction	Journal
1. Purchased merchandise on account.	____
2. Collected an account receivable.	____
3. Borrowed $20,000 and signed a note.	____
4. Recorded depreciation expense.	____
5. Purchased equipment for cash.	____
6. Sold merchandise for cash (the sale only, not the cost of the merchandise).	____
7. Sold merchandise on credit (the sale only, not the cost of the merchandise).	____
8. Recorded accrued salaries and wages payable.	____
9. Paid employee salaries and wages.	____
10. Sold equipment for cash.	____
11. Sold equipment on credit.	____
12. Paid a cash dividend to shareholders.	____
13. Issued common stock in exchange for cash.	____
14. Paid accounts payable.	____