Question
Centex Sound Systems purchased merchandise inventory costing$8,000 from Flower Co. on account. Where should Centex record thistransaction, and what account iscredited? A. Generaljournal; credit Merchandise
Centex Sound Systems purchased merchandise inventory costing$8,000 from Flower Co. on account. Where should Centex record thistransaction, and what account iscredited?
A.
Generaljournal; credit Merchandise Inventory
B.
Purchasesjournal; credit Accounts Payable
C.
Cash paymentsjournal; credit Cash
D.
Salesjournal; credit Sales Revenue
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Introductory Financial Accounting for Business
Authors: Thomas Edmonds, Christopher Edmonds
1st edition
1260299449, 978-1260299441
