Chandler Company purchased merchandise on credit from Lighting Supply for $5,600.Chandler would record this sale in the:
A)General journal.
B)Cash receipts journal.
C)Cash disbursements journal.
D)Purchases journal.
E)Accounts Payable controlling account.

Question

Quizplus · Accepted Answer

Purchases made on credit are recorded in the purchases journal, which is used to track all credit purchases of merchandise for resale. The other options (A, B, C, E) are not appropriate for recording this type of transaction.

Chandler Company Purchased Merchandise on Credit from Lighting Supply for $5,600.Chandler