1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
marishachu [46]
4 years ago
10

Which of the following transactions is recorded in the purchases​ journal? A. cash purchase of merchandise inventory B. cash sal

es of merchandise inventory C. sale of merchandise inventory on account D. purchase of furniture on account
Business
1 answer:
loris [4]4 years ago
6 0

Answer: Option D

Explanation: A specialized type of journal that keeps records of orders made by a business on credit or on account is called purchase journal. In simple words we can say that this journal is used by entities to record all the orders placed using vendor credit or accounts payable.

.

Therefore, Transactions in option A and B will not be recorded in purchase journal as these are cash transactions and option C  is a sales transaction. Thus, purchase of furniture on account in option D is the right answer.  

You might be interested in
Computronics, inc. has a current ratio of 1.5. this implies that if the firm liquidates its current assets in order to pay off i
Eddi Din [679]
<span>If the figure of 1.5 represents the debt ratio of the firm then it can be inferred that the liabilities of the firm greatly exceed current assets. Without further information as to the values of Computronics, inc. current assets and liabilities the price at which the firm can sell its assets cannot be computed. However it can be stated that the firm must sell current assets at a premium of 50% of the value of the assets in order to recoup the debt of its current liabilities.</span>
8 0
3 years ago
Which one of the following statements is not true? Group of answer choices Total fixed costs remain the same regardless of volum
Andre45 [30]

Answer:

The correct answer is letter "D": Total variable costs decrease as the volume increases.

Explanation:

Total fixed costs are those that do not vary when the volume of production changes. However, unitary fixed costs change with fluctuations in production. As production increases, unitary fixed costs decrease and if production decreases unitary fixed costs increase.

Also, unitary variable costs remain the same in front of changes in output but total variable costs change directly proportional to variations in production.<em> It means if the volume in production increase so will total variable costs and vice versa.</em>

3 0
3 years ago
Which of the following is an action employers must take when providing construction workers with fall protection
Llana [10]
A helmet? Idk if that’s right but I tried.
3 0
4 years ago
Which of the following statements about federal student loans is TRUE?
Shtirlitz [24]

A.the interest rate on your loan will be fixed over time


4 0
3 years ago
Looking at Channel 4’s strengths, their ability to appeal to different niche audiences is the highlight of the company. One of
Colt1911 [192]

Answer:

True

Explanation:

Remember, that the term 'company strength' is commonly used to refer to the overall advantages a company has.

Thus, when it was said that Channel has the ability to appeal to different niche audiences that they can guarantee a "16 to 34 year old ABC1 audience at peak viewing times.

Also, mention was made about the company receiving 17 Oscar nominations in the year 1994. All this facts highlights the company's strength.

7 0
3 years ago
Other questions:
  • Stacey inherits unimproved land (fair market value of $6 million) from her father on June 1, 2019. She disclaims her interest in
    9·1 answer
  • The ____ handles certain cases involving credit card fraud and identity theft.
    11·1 answer
  • Which of the following definitions describes a physical hazard?
    5·2 answers
  • For the past nine years, PepsiCo's Doritos brand has held a "Crash the Super Bowl" contest in which it invites 30-second ads fro
    12·1 answer
  • 1. A complaint of sexual harassment by a part-time worker in a hardware business was upheld when the Tribunal found that the emp
    7·1 answer
  • What does liquidity refer to?
    13·1 answer
  • Assume that Wilkins issued 13,000 shares of common stock with a $5 par value and a $46 fair value for all of the outstanding sha
    13·1 answer
  • If contribution margin is $220000, sales is $400000, and net income is $180000, then variable and fixed expenses are:________
    10·1 answer
  • When two goods are substitutes production then what??​
    13·1 answer
  • Melon-Cauli Grocers, Inc. received $50,000 worth of computers on account promising to pay next month. The journal entry to recor
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!