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Scrat [10]
3 years ago
6

The White Company’s accounting system consists of a general journal, a cash receipts journal, a cash disbursements journal, a sa

les journal, and a purchases journal. For each of the following, indicate which journal should be used to record the transaction.
(1) Purchased merchandise on account
(2) Collected an account recheivable
(3) Recorded depreciation expenses
Business
1 answer:
yanalaym [24]3 years ago
7 0

Explanation:

The following transactions should be presented on a respective journals i.e

(1) Purchased merchandise on account = Purchase journal

As the purchase of merchandise is took place that is debited the merchandise inventory account and credited the account payable account

(2) Collected an account receivable = Cash journal as the cash is received

(3) Recorded depreciation expenses = General journal as it records the adjusting entries, or errors made in accounting, etc

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Note: The full question is attached as picture below

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                                In                                      Larger  

                            Balance      Difference       column

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3 years ago
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4 years ago
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Solution:

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