A Bookkeeper Using a Purchases Journal Recorded New Store Supplies

question 85

Multiple Choice

A bookkeeper using a Purchases Journal recorded new store supplies purchased on account. The subledger that would be impacted as a result of this transaction is the

• A) Accounts payable subledger
• B) Accounts receivable subledger
• C) Merchandise inventory subledger
• D) Sales subledger
• E) Cash receipts journal

---

Definitions:

Low Power Distance

A cultural dimension where individuals prefer less hierarchical, more equal structures in organizations and society.

Sweden

A country located in Northern Europe, known for its rich history, advanced welfare state, and high standard of living.

Cultural Value

Shared beliefs or standards of a group that guide behavior and preferences, reflecting what is important to the community.

High Power Distance

A cultural dimension that reflects the degree to which less powerful members of organizations and institutions accept and expect power to be distributed unequally.