Cash purchases are generally recorded in the A) purchases journal B) sales journal C) case payments journal D) cash receipts journal. On July a hardware manufacturing firm purchased inventory on account for The company plans to pay $700 in the next week and the remaining in the week after Which following is the correct entry to record this transaction in a ?Assume a perpetual inventory system is used. A) $1 300 will be recorded in the Accounts Payable CR and Merchandise Inventory DR column. B) $2 000 will be recorded in the Accounts Payable DR and Merchandise Inventory DR column. C) $650 will be recorded in the Accounts Payable CR and Merchandise Inventory CR column. D) $1, 300 will be recorded in the Merchandise inventory CR and Accounts P DR column. In a purchases journal, the total of the ___ column is not posted to the general ledger. A) Merchandise Inventory DR B) Accounts Payable CR C) Other Accounts DR. Amount D) Office Supplies DR When using a manual accounting information system, which of the following will be recorded in the general journal? A) receipt of cash from a debtor B) depreciation on equipment C) payment of accounts payable D) purchase of merchandise inventory on account If there is no cash involved in a particular business transaction then the transaction should be recorded in: A) only general journal. B) either cash receipts journal or general journal. C) sales journal, purchases journal, or general journal. D) either sales journal or purchases journal. If there is cash involved in a particular business transaction then the transaction should be recorded in either: A) sales journal or purchases journal. B) cash payments journal or cash receipts journal. C) cash payments journal or general journal. D) cash payments journal or cash receipts journal and in general journal