. MULTIPLE CHOICE 3. When purchasing merchandise for resale on account, record thetransaction in thea. sales journal.b. cash receipts journal.cash payments journal.d. purchases journal.C.4. When purchasing merchandise for resale for cash, record the transaction inthea. sales journal.b. cash receipts journal.c. cash payments journal.d. purchases journal.d allowances are recorded in the

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3. When purchasing merchandise for resale on account, record the transaction in the sales journal. b. cash receipts journal. cash payments journal. d. purchases journal. a. С.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter9: Sales And Purchases

Section: Chapter Questions

Problem 10QY: Purchases on account of merchandise for resale would be recorded in the _______________. a. Sales...

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Question

. MULTIPLE CHOICE

3. When purchasing merchandise for resale on account, record the
transaction in the
a. sales journal.
b. cash receipts journal.
cash payments journal.
d. purchases journal.
C.
4. When purchasing merchandise for resale for cash, record the transaction in
the
a. sales journal.
b. cash receipts journal.
c. cash payments journal.
d. purchases journal.
d allowances are recorded in the

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