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.

-Special journals are used to:

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.
 
-Special journals are used to:

Quizplus · Accepted Answer

Special journals are designed to make bookkeeping easier and more efficient by reducing the number of entries recorded in the general journal, easily summarizing like-kind transactions, and minimizing the amount of entries posted monthly to the general ledger. Therefore, all of the above choices are correct.