The following special journal is taken from a merchandising company that uses the perpetual inventory system:
a. What is the name of the journal shown above?
b. Write an explanation for each entry in this journal.
c. What do the numbers in parentheses at the bottom of the journal indicate?

Question

The following special journal is taken from a merchandising company that uses the perpetual inventory system:
  a. What is the name of the journal shown above?
b. Write an explanation for each entry in this journal.
c. What do the numbers in parentheses at the bottom of the journal indicate?

Quizplus · Accepted Answer

The Answer of The following special journal is taken from a merchandising company that uses the perpetual inventory system:
  a. What is the name of the journal shown above?
b. Write an explanation for each entry in this journal.
c. What do the numbers in parentheses at the bottom of the journal indicate?

The Following Special Journal Is Taken from a Merchandising Company