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Plimpton Sales Uses Special Journals to Record Business Transactions

Question 145

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Plimpton Sales uses special journals to record business transactions. Plimpton sells office equipment. The company completed the following transactions a through j. Identify the journal in which each transaction should be recorded.
 a.  Paid an installnent on a bank loan.  b.  Purchased inventory on credit.  c.  Paid cash to a creditor.  d.  Sold equipment to a customer on credit.  e.  Sold equipment to a customer for cash.  f.  Paid employees’ salaries in cash.  g.  Received payment from a customer on credit.  h.  Purchased offee supplies on account.  i.  Returned inventory to creditor before payment.  j.  Sold equipment on account. \begin{array} { | l | l | l | } \hline \text { a. } & \text { Paid an installnent on a bank loan. } &\quad\quad\quad\quad\quad \\\hline \text { b. } & \text { Purchased inventory on credit. } & \\\hline \text { c. } & \text { Paid cash to a creditor. } & \\\hline \text { d. } & \text { Sold equipment to a customer on credit. } & \\\hline \text { e. } & \text { Sold equipment to a customer for cash. } & \\\hline \text { f. } & \text { Paid employees' salaries in cash. } & \\\hline \text { g. } & \text { Received payment from a customer on credit. } & \\\hline \text { h. } & \text { Purchased offee supplies on account. } & \\\hline \text { i. } & \text { Returned inventory to creditor before payment. } & \\\hline \text { j. } & \text { Sold equipment on account. } & \\\hline\end{array}

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