9. What is the journal entry to record the sale of $2,000 of merchandise

on account?

A. Dr. Accounts Receivable 2,000 Cr. Sales Revenue 2,000

B. Dr. Sales Revenue 1,900 Cr. Accounts Receivable 1,900

C. Dr. Accounts Payable 1,900 Cr. Sales Revenue 1,900

D. Dr. Cash 2,000 Cr. Sales Revenue 2,000

E. None of the above

10. Using the periodic method, what is the journal entry to record the purchase of $2,000 of merchandise inventory on credit, account?

A. Dr. Purchases 2,000 Cr. Cash 2,000

B. Dr. Cash 2,000 Cr. Purchases 2,000

C. Dr. Purchases 2,000 Cr. Accounts Payable 2,000

D. Dr. Merchandise Inventory 2,000 Cr. Accounts Receivable 2,000

E. None of the above

11. In which journal is the cash purchase of merchandise inventory recorded?

A. Cash Receipts

B. Cash Payments

C. Purchases

D. Sales

E. None of the above

12. In which journal is the closing entry to close out the expense accounts recorded?

A. Cash Receipts

B. Cash Payments

C. Purchases

D. Sales

E. None of the above