Multiple Choice
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
Correct Answer:
Verified
Correct Answer:
Verified
Q80: Three issues involving the Sales Journal include:
Q82: Accounting information system components include<br>A) People<br>B) Input
Q83: If the total balance of the Accounts
Q84: When a business has more than one
Q86: Explain the goals and uses of special
Q87: A subsidiary ledger<br>A) Includes transactions not covered
Q88: The Forty-Niner Company uses a periodic system
Q90: Under the perpetual system cash sales are
Q152: A subsidiary ledger is a listing of
Q159: To check for accuracy after posting: first