Wilcox Electronics uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal,
Question:
a. Sold merchandise on credit.
e. Sold merchandise for cash.
b. Purchased shop supplies on credit.
f. Purchased merchandise on credit.
c. Paid an employee’s salary in cash. g. Purchased inventory for cash.
d. Borrowed cash from the bank. h. Paid cash to a creditor.
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Related Book For
Fundamental Accounting Principles Volume 2
ISBN: 9780077716660
21st Edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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