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For Each of the Transactions Listed Below, Identify the Journal

Question 49

Multiple Choice

For each of the transactions listed below, identify the journal that should be used to record the transaction. Use CR for cash receipts journal, CP for cash payments journal, S for sales journal, P for purchases journal, and G for general journal.
-Purchased merchandise; the supplier's invoice, which includes a freight charge, has payment terms of 2/10, n/30.


A) CR for cash receipts journal
B) CP for cash payments journal
C) S for sales journal
D) P for purchases journal
E) G for general journal.

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