getzperez4889 getzperez4889
  • 02-09-2019
  • Business
contestada

Chandler Company purchased merchandise on credit from Lighting Supply for $5,600. Chandler would record this sale in the______.

Respuesta :

Nyctalus
Nyctalus Nyctalus
  • 05-09-2019

Answer: Purchase journal

Explanation: Purchase journal can be defined as the entry book in which the accountant record all the transactions that are related to the purchases made on credit  . In simple words, it records the accounts payable of an organisation.

In the given case, the company has not paid the seller yet. Thus, the transaction results in incurrence of liability. Hence it will be recorded in purchases journal.

Answer Link

Otras preguntas

Babur defeated __________ in the year 1528 CE.
12. State the difference between the following terms. a) Rogucing b) Gapping​
imagine you are the school captain and the cdf committee wishes to set up a project in your school.the principal has asked you to organize with the prefects to
Hi! Can one of y'all just check my answers for me? I am just a bit unsure before I submit them. 100 Points. Thanks! 1. The set of linear equations provided des
what is the theme of the poem the toy?​
The periodic test in Mathematics has 50 questions. If Joy got 90% correct answers, how many questions did she miss?​
I need help for this homework please. Thank you !
Write the following comparison as a ratio reduced to lowest terms. 32 nickels to 19 dimes
what is the theme of the poem the toy?​
Associer chaque équation inéquation a sa représentation graphique