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Appropriate journal to record the transactions

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Reference no: EM133055907

Requirements

1. Shiny Lake Golf Shop records purchase returns in the general journal. Use the appropriate journal to record the transactions in a purchases journal, a cash payments journal (omit the Check No. column), and a general journal. The company uses the perpetual inventory system.

2. Total each column of the special journals. Show that total debits equal total credits in each special journal.

3. Show how postings would be made from the journals by writing the account numbers and check marks in the appropriate places in the journals.

Reference no: EM133055907

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