A Company Sells Merchandise on Credit for $6,000

question 167

Multiple Choice

A company sells merchandise on credit for $6,000. The merchandise cost is $3,400. The journal that the transaction would be recorded in is the:

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

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Definitions:

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Personal Networking

Building and maintaining relationships with individuals who might assist with job searches or career advancement through the exchange of information and resources.

Résumé Length

The recommended or acceptable number of pages for a résumé, often suggested to be concise, typically one to two pages.

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