The Bixby Co.had the following transactions involving the purchase of merchandise.Prepare the necessary general journal entries.Any applicable freight costs are prepaid by the seller.The perpetual inventory method is in use.

-If the company uses special journals,all payments should be recorded on a:

Question

The Bixby Co.had the following transactions involving the purchase of merchandise.Prepare the necessary general journal entries.Any applicable freight costs are prepaid by the seller.The perpetual inventory method is in use.
 
-If the company uses special journals,all payments should be recorded on a:

Quizplus · Accepted Answer

A cash payments journal is used to record all cash outflows or payments made by a company.