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A Company Entered into the Following Transactions

Question 161

Matching

A company entered into the following transactions.Match each transaction with the appropriate journal.

Premises:
Purchased a display rack on account for $4,700.
A customer returned a $250 item purchased on account.
Recorded cash sales of $14,700.
Paid a utility bill for $3,400 cash.
Paid $65,000 cash in wages and salaries.
Purchased $1,590 of store supplies on account.
Borrowed $5,000 cash from the bank.
Recorded depreciation on store equipment of $4,000.
Returned defective inventory purchased on account,$2,900.
Purchased merchandise on account,$2,700.
Responses:
Cash receipts journal
General journal
Sales journal
Purchases journal
Cash disbursements journal

Correct Answer:

Purchased a display rack on account for $4,700.
A customer returned a $250 item purchased on account.
Recorded cash sales of $14,700.
Paid a utility bill for $3,400 cash.
Paid $65,000 cash in wages and salaries.
Purchased $1,590 of store supplies on account.
Borrowed $5,000 cash from the bank.
Recorded depreciation on store equipment of $4,000.
Returned defective inventory purchased on account,$2,900.
Purchased merchandise on account,$2,700.
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