The following are selected transactions for P. Pratt Company. For each transaction, indicate the account(s) to be debited and the account(s) to be credited. Also indicate in which of the following journals each transaction will be recorded Sales Journal (S), Cash Receipts Journal (CR), or General Journal (GJ).

Account(s) Account(s)

Debit Credit Journal

________ ________ ________ a. Sold merchandise on account to M. Mahar.

________ ________ ________ b. P. Pratt invested additional cash in the business

________ ________ ________ c. Received payment from M. Mahar. No discount was given.

________ ________ ________ d. Made a cash sale.

________ ________ ________ e. Issued a credit memo to B. Briggs. Goods returned to inventory.

Question

The following are selected transactions for P. Pratt Company. For each transaction, indicate the account(s) to be debited and the account(s) to be credited. Also indicate in which of the following journals each transaction will be recorded Sales Journal (S), Cash Receipts Journal (CR), or General Journal (GJ).

Account(s)	Account(s)
Debit	Credit	Journal
________	________	________	a.	Sold merchandise on account to M. Mahar.
________	________	________	b.	P. Pratt invested additional cash in the business
________	________	________	c.	Received payment from M. Mahar. No discount was given.
________	________	________	d.	Made a cash sale.
________	________	________	e.	Issued a credit memo to B. Briggs. Goods returned to inventory.

Quizplus · Accepted Answer

The Answer of The following are selected transactions for P. Pratt Company. For each transaction, indicate the account(s) to be debited and the account(s) to be credited. Also indicate in which of the following journals each transaction will be recorded Sales Journal (S), Cash Receipts Journal (CR), or General Journal (GJ).

Account(s)	Account(s)
Debit	Credit	Journal
________	________	________	a.	Sold merchandise on account to M. Mahar.
________	________	________	b.	P. Pratt invested additional cash in the business
________	________	________	c.	Received payment from M. Mahar. No discount was given.
________	________	________	d.	Made a cash sale.
________	________	________	e.	Issued a credit memo to B. Briggs. Goods returned to inventory.

The Following Are Selected Transactions for P