Which of the following transactions is recorded in the purchases journal?
A) purchase of furniture on account
B) cash purchase of merchandise inventory
C) sale of merchandise inventory on account
D) cash sales of merchandise inventory

Question

Quizplus · Accepted Answer

The purchases journal records only purchases made on credit or on account. Therefore, the purchase of furniture on account would be recorded in the purchases journal.

Which of the Following Transactions Is Recorded in the Purchases