Bookkeeping Special Journals Exercise

Select the correct special journal for each transaction.

Correct: 0 | Incorrect: 0

1. Sold merchandise to Customer A on account, $500.

2. Received cash from Customer B for a previous credit sale, $150.

3. Paid the monthly rent by check, $1,000.

4. Purchased merchandise inventory from Supplier X on account, $800.

5. Made a cash sale of merchandise, $200.

6. Paid Supplier Y for inventory purchased last month on account, $400.

7. Purchased new office equipment on account (not inventory), $2,500.

8. Recorded monthly depreciation expense, $150.

9. Purchased merchandise inventory for cash, $300.

10. Owner invested personal cash into the business, $5,000.

11. Provided services on account, $750.

12. Bought office supplies on account (inventory for resale, $100).

13. Owner withdrew cash for personal use, $200.

14. Received interest revenue in cash, $10.

15. Returned damaged merchandise purchased on account (credit memo received), $50.

16. Paid the utility bill by check, $75.

17. Sold merchandise to Customer D on account, $1,200.

18. Purchased merchandise inventory from Supplier Z on account, $900.

19. Received a loan from the bank (cash), $10,000.

20. Customer E returned merchandise from a credit sale (credit memo issued), $25.