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gOOvER gOOvER
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Burton Company uses special journals along with the general journal to record its daily transactions. Using the following abbreviations, identify the appropriate journal in which to record each transaction.

   Sales Journal   S
   Purchases Journal   P
   Cash Receipts Journal   CR
   Cash Payments Journal   CP
   General Journal   G

a) Purchased inventory for cash, $2,300   __________
b) Received $3,000 from a customer on account   __________
c) Purchased supplies on account, $375   __________
d) Sold merchandise for cash, $2,460   __________
e) Paid the weekly employees' wages, $5,300   __________
f) Returned merchandise previously bought on
   account for credit, $1,670   __________
g) Made a $350 adjusting entry for expired insurance   __________
h) Borrowed $10,000 from the bank by signing a note
   payable with interest at 8%   __________
i) Purchased office equipment for cash   __________
j) Paid for merchandise previously bought on account,
   taking the 2% discount $2,345   __________
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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migrodmigrod
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gOOvER Author
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Hopefully I pass my course
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