Problem #1 Read each transaction and identify the journal in which the transaction should be recorded: GJ-General Journa

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Problem 1 Read Each Transaction And Identify The Journal In Which The Transaction Should Be Recorded Gj General Journa 1 (20.91 KiB) Viewed 65 times

Problem #1 Read each transaction and identify the journal in which the transaction should be recorded: GJ-General Journal, RJ - Revenue Journal, PJ - Purchase Journal, CRJ- Cash Receipts Journal, CPJ - Cash Payments Journal 1) Recorded the adjusting entry for accrued interest. 2) Performed repair services on account. Purchased office supplies on account. 3) 4) Borrowed cash for an expansion project. Received $500 from Tool Inc. on account. 5) 6) Paid owner's utility bill. 7) Paid monthly rent. 8) Completed Job #34 for services provided for Beard Co. Purchased inventory on account. 9)