Rockville Company makes a $1,200 purchase of merchandise inventory on account.This transaction will be recorded in the ________.

Name: Rockville Company makes a $1,200 purchase of merchandise inventory on account.This transaction will be recorded in the ________.
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Question

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Purchases of inventory on account are recorded in the purchases journal. The cash payments journal is used for cash payments, the sales journal is used for sales transactions, and the cash receipts journal is used for cash receipts.

Rockville Company Makes a $1,200 Purchase of Merchandise Inventory on Account.This