Sky Waller 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 July:
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

Sky Waller 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 July:
  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 Sky Waller 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 July:
  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.

Sky Waller Company Uses a Sales Journal, a Purchases