If a Company Purchases $15,200 of Merchandise on Credit, Which

question 67

Multiple Choice

If a company purchases $15,200 of merchandise on credit, which journal will the transaction be recorded in?

• A) Purchases journal.
• B) General journal.
• C) Cash disbursements journal.
• D) Cash receipts journal.
• E) Sales journal.

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Definitions:

Linear Function

A mathematical expression that represents a straight line, characterized by a constant rate of change.

Outsourcing Decision

The process of determining whether certain business operations or services should be performed in-house or contracted to external providers.

Spreadsheet

A digital worksheet that organizes data in columns and rows, allowing for data manipulation and analysis, commonly used in business and finance.

Outsourcing Decision

involves choosing whether to perform a business operation internally or to hire an external organization to perform it.