Final answer:
The appropriate matching of transactions with journals are: a. Purchases Journal - iv. Buying inventory on credit; b. Cash Receipts Journal - iii. Receiving cash from a charge customer; c. Cash Disbursements Journal - v. Paying the electric bill; d. Sales Journal - i. Sales on account; e. General Journal - ii. Adjusting entries.
Step-by-step explanation:
In order to match each transaction with the appropriate journal, we need to understand what each journal is used for.
The Purchases Journal is used for recording purchases made on credit. This would include buying inventory on credit, which matches with the transaction of buying inventory on credit. So, answer a. matches with iv.
The Cash Receipts Journal is used for recording cash received from customers. Receiving cash from a charge customer matches with this, so answer b. matches with iii.
The Cash Disbursements Journal is used for recording cash paid out by a company. Paying the electric bill is an example of a cash disbursement, so answer c. matches with v.
The Sales Journal is used for recording sales made on credit. Sales on account matches with this, so answer d. matches with i.
The General Journal is used for recording all other transactions that do not fit in the other specialized journals. Adjusting entries would fall under this category, so answer e. matches with ii.