Transaction Recording a. Henry Associates paid $490 on account for an earlier Purchases journal purchase of merchandise inventory. b. Recorded depreciation expense for the month. Cash payments journal c. Collected interest revenue. Cash receipts journal d. Sold merchandise inventory on account. Cash receipts journal Purchases journal e. Issued check no. 535 for purchase of merchandise inventory. f. Returned damaged inventory that was purchased on Purchases journal account. g. Sold merchandise inventory for cash. Sales journal

Transaction Recording a. Henry Associates paid $490 on account for an earlier Purchases journal purchase of merchandise inventory. b. Recorded depreciation expense for the month. Cash payments journal c. Collected interest revenue. Cash receipts journal d. Sold merchandise inventory on account. Cash receipts journal Purchases journal e. Issued check no. 535 for purchase of merchandise inventory. f. Returned damaged inventory that was purchased on Purchases journal account. g. Sold merchandise inventory for cash. Sales journal

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 13PB: Post the following November transactions to T-accounts for Accounts Payable, Inventory, and Cash,...

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Sandren Co. purchased inventory on credit from Acto Supply Co. for $4,000. Sandren Co. would record this transaction in the ________. A. general journal B. cash receipts journal C. cash disbursements journal D. purchases journal E. sales journal
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