Indicate the journal in which each of the following transactions should be recorded. Assume a three-column purchases journal.
Correct Answer:
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Q78: A withdrawal of cash by the owner
Q79: Sales Tax Payable is recorded on the
Q80: An investment of cash by the owner
Q81: An (X) below a column means the
Q82: The following transactions were completed by Fox
Q84: Payment of merchandise purchased on account within
Q85: Proving the equality of debits and credits
Q86: Indicate the appropriate columns in which each
Q87: The Purchases Discounts account is recorded on
Q88: Credit postings to the Accounts Receivable general
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