Centex Sound Systems purchased merchandise inventory costing $8,000 from Flower Co. on account. Where should Centex record

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Centex Sound Systems purchased merchandise inventory costing $8,000 from Flower Co. on account. Where should Centex record this transaction, and what account is credited?

a. Cash payments journal; credit Cash

b. Sales journal; credit Sales Revenue

c. Purchases journal; credit Accounts Payable

d. General journal; credit Merchandise Inventory

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Accounting

ISBN: 9780132439602

7th Edition

Authors: Charles T. Horngren, Walter T. Harrison

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Question Posted: Feb 02, 2024 05:01 AM

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Centex Sound Systems purchased merchandise inventory costing $8,000 from Flower Co. on account. Where should Centex record

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Accounting

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