Midwest Enterprises Uses Special Journals

question 51

Multiple Choice

Midwest Enterprises uses special journals.The company borrowed $10,000 from First State Bank.This transaction is recorded in the ________.

• A) general journal
• B) debt journal
• C) cash receipts journal
• D) cash payments journal

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Definitions:

CDs

Compact Discs, a digital optical disc data storage format used for storing digital media, notably music and data.

Budget Constraint

Represents the combination of goods and services that a consumer can purchase given current prices and their income.

CDs

Compact Discs, a digital optical disc data storage format used for storing digital data.

Budget Constraint

The limitation on the consumption patterns of individuals or entities based on their income and the prices of goods and services.