Identify the journal (sales, cash receipts, purchases, cas
Question and Solution
Identify the journal (sales, cash receipts, purchases, cash payments, or general) in which each of the following transactions should be recorded. (a) Issued credit memo to customer for merchandise returned. (b) Sold merchandise for cash. (c) Purchased merchandise on account. (d) Issued checks to employees in payment of wages. (e) Purchased factory supplies on account. (f) Sold merchandise on account.