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u lor eredit. Ullechon on account from customers special journals (LO 3) 4. Sale of...

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Accounting

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u lor eredit. Ullechon on account from customers special journals (LO 3) 4. Sale of land for cash. 5. Sale of merchandise on account. 6. Sale of merchandise for cash. 7. Received credit for merchandise purchased on credit. 8. Sales discount taken on goods sold. 9. Payment of employee wages 10. Income summary closed to owner's capital. 11. Depreciation on building 12. Purchase of office supplies for cash. 13. Purchase of merchandise on account. Instructions For each transaction, indicate whether it would normally be recorded in a cash receipts journal, cash payments journal, sales journal, single-column purchases journal, or general journal. E7-11 The general ledger of Hensley Company contained the following Accounts Explain posting to control Payable control account (in T-account form). Also shown is the related subsidiary a ledger account and subsidiary ledger (LO 2, 3)

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