special purpose journals

Question 1

sales of merchandise for cash

Answer 1

cash receipts

Question 2

sale of merchandise on account

Answer 2

sales

Question 3

cash refund to customer

Answer 3

cash payment/disbursement

Question 4

receipt of cash from a customer in settlement of account

Answer 4

cash receipts

Question 5

purchase of merchandise for cash

Answer 5

cash payment

Question 6

purchase of merchandise on account

Answer 6

purchases

Question 7

payment of salaries

Answer 7

cash payment

Question 8

note payable sent to a creditor in settlement of an account

Answer 8

general journal

Question 9

payment of interest on a mortage

Answer 9

cash payment

Question 10

receipt of a note in settlement of a customer’s account

Answer 10

general journal