The entries in a purchases journal are posted to which of the following subsidiary ledger?
A) Accounts receivable
B) Sales
C) Purchases
D) Inventory
E) Accounts payable
Correct Answer:
Verified
Q20: When merchandise previously sold is returned for
Q21: Jones Co. takes a physical inventory count
Q22: A controlling account can be found in
Q23: A contra-account that records the company's returns
Q24: Account type and normal balance of the
Q26: Classic Accessories, Inc. sold merchandise on
Q27: A contra-revenue account to record returned goods
Q28: Type of account and normal balance of
Q29: An account used to record transportation charges
Q30: Smith Co. keeps a continuous record of
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