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.
Correct Answer:

Verified
Correct Answer:
Verified
Q44: The amount of Freight In for a
Q45: Check marks next to the individual amounts
Q46: For each of the transactions listed below,
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Q50: Match the accounting terms with the description
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Q53: The supplier's invoice is the source document
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