Blue Glove Company uses the columnar cash journals illustrated in the textbook. In April, the following selected cash transactions occurred.
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1. |
Made a refund to a customer as an allowance for damaged goods. |
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2. |
Received collection from customer within the 3% discount period. |
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3. |
Purchased merchandise for cash. |
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4. |
Paid a creditor within the 3% discount period. |
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5. |
Received collection from customer after the 3% discount period had expired. |
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6. |
Paid freight on merchandise purchased. |
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7. |
Paid cash for office equipment. |
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8. |
Received cash refund from supplier for merchandise returned. |
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9. |
Withdrew cash for personal use of owner. |
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10. |
Made cash sales. |
Instructions
Indicate (a) the journal, and (b) the columns in the journal that should be used in recording each transaction.