getzperez4889 getzperez4889
  • 02-09-2019
  • Business
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Chandler Company purchased merchandise on credit from Lighting Supply for $5,600. Chandler would record this sale in the______.

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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.

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