Argon Sales uses special journals to record business transactions. Argon sells construction equipment. Argon completed the following transactions a through j. Identify the journal in which each transaction should be recorded.
Column preview
Borrowed cash from the bank General
Purchased equipment inventory on credit Sales
Paid cash to a creditor Cash receipts
Sold equipment to a customer on credit Purchases
Sold equipment to a customer for cash Cash disbursements
Paid employees salaries in cash
Received payment from a customer on account
Purchased office supplies on account
Returned inventory to creditor before payment
Sold equipment on account
Borrowed cash from the bank
Purchased equipment inventory on credit
Paid cash to a creditor
Sold equipment to a customer on credit
Sold equipment to a customer for cash
Paid employees salaries in cash
Received payment from a customer on account
Purchased office supplies on account
Returned inventory to creditor before payment
Sold equipment on account
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