Silver Corporation had the following transactions:

\begin{array} { | l | l | } \hline \text{Jan 4} & \text { Issued check no. } 430 \text { to purchase equipment for cash, } \$ 2,200 . \\\hline 9 & \text { Purchased merchandise inventory for cash, } \$ 400 , \text { issuing check no. } 431 . \\\hline 19 & \text { Paid Kale Co. amount owed, } \$ 1,025 , \text { less } \$ 60 \text { discount. Issued check no. } 432 . \\\hline 27& \text { Issued check no. } 433 \text { to pay utilities, } \$ 210 . \text { The bill was just received, and there is no } \\&\text{liability recorded}\\\hline\end{array}

Use the following cash payments journal to record the preceding transactions.The company uses the perpetual inventory system.
Cash Payments Journal

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Page 8

\begin{array}{|r|c|l|r|r|r|r|r|}\hline \textbf { Date } & \begin{array}{c}\textbf { Ck. } \\\textbf { No. }\end{array} & \textbf { Account Debited } & \begin{array}{c}\textbf { Post. } \\\textbf { Ref. }\end{array} & \begin{array}{c}\textbf { Other } \\\textbf { Accounts } \\\textbf { DR }\end{array} & \begin{array}{c}\textbf { Accounts } \\\textbf{ Payable } \\\textbf { DR }\end{array} & \begin{array}{l}\textbf { Merchandise } \\\textbf { Inventory CR }\end{array} & \textbf { Cash CR } \\\hline \\\hline \\\hline\\\hline\\\hline\end{array}

Which of the Following Is an Advantage of Enterprise Resource

Multiple Choice