St.Petersburg Corporation makes a $1,200 purchase of merchandise inventory for cash.This transaction will be recorded in the ________.
A)cash payments journal
B)general journal
C)cash receipts journal
D)purchase journal

Question

Quizplus · Accepted Answer

The cash payments journal is used to record all transactions involving cash outflows, such as cash purchases of inventory.

StPetersburg Corporation Makes a $1,200 Purchase of Merchandise Inventory for Cash.This