The following are some typical transactions incurred by Ricketts Company. For each transaction, indicate whether it woul

[answerhappygod]

The Following Are Some Typical Transactions Incurred By Ricketts Company For Each Transaction Indicate Whether It Woul 1 (93.67 KiB) Viewed 58 times

The following are some typical transactions incurred by Ricketts Company. For each transaction, indicate whether it would normally be recorded in a cash receipts journal, cash payments journal, sales journal, single-column purchases journal, or general journal. Journals Transactions Payment of creditors on account 1. 2. Return of merchandise sold for credit. 3. Collection on account from customers. > 4. Sale of land for cash. 5. Sale of merchandise on account. 6. Sale of merchandise for cash. 7. Received credit for merchandise purchased on credit. 8. Sales discount taken on goods sold. 9. Payment of employee wages. > 10 Income summary closed to owner's capital. 11 Depreciation on building V 12 Purchase of office supplies for cash. 13. Purchase of merchandise on account Journals Transactions Payment of creditors on account 1. 2. Return of merchandise sold for credit. 3. Collection on account from customers. Purchases Journal Cash Payments Journal Sales Journal General Journal Cash Receipts Journal