Part One-Iilentifying Accounting Terms

Part Three-Analtl zing Transactions Recorded inSpecial lournnls - -Directions: In Anrwers Column l, prinl lhe abbreviation for the journal inwhich each transaction is to be recorded. In Answer Columns 2 and 3, prinlthe letters identifying the account titles to be debited and credited for;achtransaction.P Purchases Joumal; c General Joumal; Cp Cash payments JoumalAccoun fttlesfrqnsscrionsA. Accounts 1-2-3. Purchased merchandise on account. (p. 226)Payable7tournql2IrebitCrcdiiB. Advertising 4-5-6. Purchased merchandise for cash. (p. 230)ExpenseC. Booker]ackory 7+-9. Paid cash for office supplies. (p. 230)DrawingD. Cash 10-11-12. Paid cash on account. (p. 231)E. Miscellaneous 13-14-15. Paid cash for advertising. (p. 232)ExpenseF. Petty Cash 15-17-18, Paid cash for telephone. (p. 232)G. Purchases 19-20-21. Paid cash to rcplenish the petty cash fundr officesupplies; store supplies, adverrisin& and miscelaneous. (p. 234)H. Supplies- 22-23-24. Wlk,l.a lackson, partner, withdrew cash forOfficeSupplies-Storepersonal use. (p. 235)25-26-27. Boutht store supplies on account. (p. 241)J.K.UtilitiesExpensewilmaJackon,Drawint28-29-30. Booker Jackson, partner, withdrew merchandisefor personal use. (p. 242)CopyRrcHr @ SoUTH-WESTERN EDUCATIoNAT puBllsH/NG Chopter l0 . 39