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Which journals transactions are most likely to be recorded

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Reference no: EM132547813

Question 1: Fiona Sporty uses a purchases journal, a cash payments journal, a sales journal, a cash receipts journal and a general journal. Indicate in which journals the following transactions are most likely to be recorded.

a) Purchased inventories on credit

b) Sales of inventory on credit

c) Received payment of a customer's account

d) Payment of monthly rent by cheque

e) End of period closing entries

Reference no: EM132547813

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