A bookkeeper using a Purchases Journal recorded new store supplies purchased on account. The subledger that would be impacted as a result of this transaction is the
A) Accounts payable subledger
B) Accounts receivable subledger
C) Merchandise inventory subledger
D) Sales subledger
E) Cash receipts journal

Question

Quizplus · Accepted Answer

The transaction involves purchasing supplies on account, which means the company owes money to the supplier/vendor. This will impact the accounts payable subledger, as it tracks the company's outstanding debts to its suppliers/vendors.

A Bookkeeper Using a Purchases Journal Recorded New Store Supplies