In a firm that uses special journals, the purchase of merchandise for cash is recorded in the:
A) cash payments journal.
B) general journal.
C) cash receipts journal.
D) purchases journal.
Correct Answer:
Verified
Q23: When the sales department needs goods, it
Q24: To record a return of merchandise purchased
Q25: Which of the following statements is correct?
A)Freight
Q26: Postings to the accounts payable ledger should
Q27: Check marks next to the individual amounts
Q29: Purchases of merchandise on credit should be
Q30: The type of account and normal balance
Q31: In a firm that uses special journals,
Q32: The total of the balances in the
Q33: Music, Inc. uses a periodic inventory system
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