Velasquez Company uses a one-column purchases journal, a sales journal, the columnar cash journals used in the text, and a general journal.

Velasquez Company uses a one-column purchases journal, a sales journal, the columnar cash journals used in the text, and a general journal.Instructions(a) Journalize the transactions in the general journal.(b) In a brief memo to the president of Velasquez Company, explain the postings to the control and subsidiary accounts from each type of journal.