Princess Company uses a Sales Journal,a Purchases Journal,a Cash Receipts Journal,a Cash Disbursements Journal,a General Journal and a perpetual inventory system.
The following transactions were completed by Princess Company during the month of October: Required:
(a)Record the appropriate transactions in the General Journal.
(b)For the transactions not recorded in the General Journal,indicate the correct special journal that would be used.

Question

Princess Company uses a Sales Journal,a Purchases Journal,a Cash Receipts Journal,a Cash Disbursements Journal,a General Journal and a perpetual inventory system.
The following transactions were completed by Princess Company during the month of October:  Required:
(a)Record the appropriate transactions in the General Journal.
(b)For the transactions not recorded in the General Journal,indicate the correct special journal that would be used.

Quizplus · Accepted Answer

The Answer of Princess Company uses a Sales Journal,a Purchases Journal,a Cash Receipts Journal,a Cash Disbursements Journal,a General Journal and a perpetual inventory system.
The following transactions were completed by Princess Company during the month of October:  Required:
(a)Record the appropriate transactions in the General Journal.
(b)For the transactions not recorded in the General Journal,indicate the correct special journal that would be used.

Princess Company Uses a Sales Journal,a Purchases Journal,a Cash Receipts