The purchase of three computers for the sales staff,on account,is recorded in the ________ journal.
A) general
B) purchases
C) cash payments
D) equipment

Question

Quizplus · Accepted Answer

The purchase of equipment (in this case, computers) on account (meaning the company has not yet paid for the items) would be recorded in the purchases journal. The purchases journal is used to record all credit purchases of goods and services. The general journal is used for adjusting entries and other various transactions not recorded in specialized journals. The cash payments journal is used to record all transactions involving the payment of cash. The equipment journal is not a specialized journal typically used in accounting.

The Purchase of Three Computers for the Sales Staff,on Account,is