A bookkeeper using a Purchases Journal recorded new store supplies purchased onaccount. The subledger that would be impacted as a result of this transaction is the:
A)Accounts receivable subledger.
B)Merchandise inventory subledger.
C)Accounts payable subledger.
D)Cash receipts journal.
E)Sales subledger.

Question

Quizplus · Accepted Answer

The purchase of store supplies on account would increase the accounts payable balance, which is tracked in the accounts payable subledger. The other options do not pertain to this specific transaction.

A Bookkeeper Using a Purchases Journal Recorded New Store Supplies