If a Company Issues a Check for $2,900 in Payment

question 39

Multiple Choice

If a company issues a check for $2,900 in payment of merchandise, identify the journal the transaction would be recorded in:

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

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Definitions:

Market Savvy

An understanding of market trends and consumer behavior, often reflecting an ability to make strategic business decisions.

Local Context

The specific cultural, economic, social, and political environment or conditions of a particular area or community.

Customer Needs

The requirements or desires of consumers that a company aims to fulfill with its products or services.

Functional Excellence

Superior performance and efficiency in specific business functions, such as marketing, operations, or finance.