The purchase of equipment for cash would be recorded in the:

Question

Quizplus · Accepted Answer

The purchase of equipment for cash would be recorded in the cash payments journal, which is used to record all cash payments made by the company. This includes purchases of equipment, as well as payments for expenses like rent and utilities. The sales journal is used to record sales of goods or services, the purchases journal is used to record credit purchases of goods or services, and the general journal is used for all other transactions that do not fit into a specific journal. Therefore, the most appropriate journal for recording the purchase of equipment for cash is the cash payments journal.

The Purchase of Equipment for Cash Would Be Recorded in The