Mocha Coffee Shop has asked the accountant to keep track of the purchases for beverage, food, and retail items. The accountant has implemented a purchases journal. Which of the following columns should be included in the new purchases journal?
A) Accounts Payable - Cr., Beverage Supplies - Dr, Food Supplies - Dr, Retail Items Supplies - Dr, Other - Dr.
B) Accounts Payable - Dr, Other - Dr, Beverage Supplies - Cr, Food Supplies -Cr, Retain Items Supplies - Cr.
C) Beverage Supplies - Dr, Food Supplies - Dr, Retail Items Supplies - Dr, Other - Dr, Cash - Cr.
D) Beverage Supplies - Dr, Food Supplies - Dr, Retail Items Supplies - Dr, Other - Cr, Accounts Payable - Dr.

Question

Quizplus · Accepted Answer

The purchases journal should include columns for Accounts Payable (credit) and the specific categories of purchases (debit) such as Beverage Supplies, Food Supplies, and Retail Items Supplies, along with an Other category for miscellaneous purchases.

Mocha Coffee Shop Has Asked the Accountant to Keep Track