Trekking Company uses a perpetual inventory system and four special journals: Purchases, Sales, Cash Receipts, and Cash Disbursements. The following transactions were incurred during August: Record the above transactions in the appropriate journals that follow. Ignore any transactions that should not be posted to the journals provided.

Question

Trekking Company uses a perpetual inventory system and four special journals: Purchases, Sales, Cash Receipts, and Cash Disbursements. The following transactions were incurred during August:   Record the above transactions in the appropriate journals that follow. Ignore any transactions that should not be posted to the journals provided.

Quizplus · Accepted Answer

The Answer of Trekking Company uses a perpetual inventory system and four special journals: Purchases, Sales, Cash Receipts, and Cash Disbursements. The following transactions were incurred during August:   Record the above transactions in the appropriate journals that follow. Ignore any transactions that should not be posted to the journals provided.

Trekking Company Uses a Perpetual Inventory System and Four Special