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Dave Said:

Accounting question/help! :o?

We Answered:

You just need to see what is the originating transaction. If it says a cheque is issued and gives you the cheque no., then it's the Cash payments journal. If a purchase of trading inventory is made on account, it's the Purchases journal. If a sale is made on account, it's the Sales journal. If cash is received, it's the cash receipts journal. Other than these 4, it usually goes to the General journal

Nov. 1. Wrote Check No. 363 for the monthly rent of $1,300.00.
Cash Payments Journal (CPJ)

2. Bought $120.00 worth of store supplies on account from Meda Store Supplies, recorded on Memo 43, with 2/10, n/30 payment terms.
General Journal (GJ)

3. Received an invoice, stamped Purchase Invoice 84, for merchandise on account from Central Fitness for $2,150.00, less a 60% trade discount.
PJ

4. Paid $150.00 to Pitman Industries with Check No. 364 for merchandise.
CPJ

6. Wrote Check No. 365 for $1,020.00 to Pacer Equipment for Purchase Invoice 82's payment on account.
CPJ

8. Returned $260.00 of the merchandise purchased on Purchase Invoice 84 to Central Fitness, recorded on Debit Memorandum 54.
PJ

9. Purchased $2,900.00 of merchandise on account from Trackmaster on Purchase Invoice 85, with 2/10, n/30 payment terms.
PJ

10. Paid $52.00 to myOffice for office supplies with Check No. 366.
CPJ

11. Paid the balance of Purchase Invoice 84 less Debit Memorandum 54, to Central Fitness with Check No. 367, taking advantage of the 2/10, n/30 payment terms.
CPJ

12. Wrote Check No. 368 for $290.00 to pay the monthly insurance premium.
CPJ

16. Paid Trackmaster the amount owed on Purchase Invoice 85, writing Check No. 369.
CPJ

29. Paid Meda Store Supplies for the Nov. 2 purchase of store supplies with Check No. 370.
CPJ

30. Replenished the petty cash fund by writing Check No. 371 to the custodian for $207.00. Receipts were submitted for the following: office supplies, $48.00; store supplies, $24.00; advertising, $68.00; and miscellaneous, $66.00.
CPJ