Multiple Choice
The appropriate journal for recording the adjusting entry for Merchandise Inventory is
A) the cash payments journal.
B) the purchases journal.
C) the sales journal.
D) the general journal.
E) either the cash payments journal or the purchases journal.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q77: If the wages payable account had a
Q78: The Income Summary account is used to
Q79: For companies using the periodic inventory system,
Q80: Match the terms below with the correct
Q81: Cash received in advance for goods to
Q83: Cash appears in which worksheet column and
Q84: The adjusting entry for expired or used
Q85: Royal Theater credited Unearned Revenue of $35,000
Q86: Using T accounts, record the required adjusting
Q87: Rent received in advance by a landlord