menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 7: Special Journals and Subsidiary Ledgers: the Basics: Purchases and Cash Payments Journals
  5. Question
    Every Transaction in a Purchases Journal Includes
Solved

Every Transaction in a Purchases Journal Includes

Question 98

Question 98

Multiple Choice

Every transaction in a purchases journal includes


A) a credit to Cash.
B) a credit to Inventory.
C) a credit to Accounts Payable.
D) a debit to Office Supplies.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q68: Explain the difference between F.O.B. shipping point

Q94: Medeco bought goods for $150 on credit.

Q95: When the term F.O.B. shipping point is

Q96: Determine the amount of credit to be

Q97: The entry to record a purchase of

Q99: The main reason most businesses do not

Q100: Office Supplies (not used for resale) bought

Q101: When using a subsidiary ledger, the Accounts

Q102: On June 15, Paradise Park purchased merchandise

Q103: Credit terms of 2/10, n/30 mean that<br>A)

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines