If a transaction cannot be recorded in a special journal
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Special journals
The accounting system of K and M Manufacturing consists of a general journal (GJ), a cash receipts journal (CR), a cash disbursements journal (CD), a sales journal (SJ), and a purchases journal (PJ). For each of the following, indicate which journal should be used to record the transaction.
Transaction
Journal
1. Paid interest on a loan.
_____
2. Recorded depreciation expense.
_____
3. Purchased furniture for cash.
_____
4. Purchased merchandise on account.
_____
5. Sold merchandise on credit (the sale only, not the cost of the merchandise).
_____
6. Sold merchandise for cash (the sale only, not the cost of the merchandise).
_____
7. Paid rent.
_____
8. Recorded accrued interest payable.
_____
9. Paid advertising bill.
_____
10. Recorded bad debt expense.
_____
11. Sold machinery on credit.
_____
12. Collected cash from customers on account.
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.13. Paid employees wages.
_____
14. Collected interest on a note receivable.
_____