The appropriate journal for recording the adjusting entry for Merchandise Inventory is
A) the cash payments journal.
B) the purchases journal.
C) the sales journal.
D) the general journal.
E) either the cash payments journal or the purchases journal.

Question

Quizplus · Accepted Answer

The adjusting entry for Merchandise Inventory would be recorded in the general journal, as adjusting entries typically involve accounts that do not have their own specialized journal.

The Appropriate Journal for Recording the Adjusting Entry for Merchandise