For each of the transactions listed below, select 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 with terms of 2/10, n/30. The supplier's invoice includes a freight charge.
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
Q99: A supplier's billing document
A)Cost of goods sold
B)Freight
Q100: For each of the transactions listed below,
Q101: For each of the transactions listed below,
Q102: For each of the transactions listed below,
Q103: For each of the transactions listed below,
Q105: For each of the transactions listed below,
Q106: For each of the transactions listed below,
Q107: For each of the transactions listed below,
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Q109: For each of the transactions listed below,
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