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ivanzaharov [21]
3 years ago
9

Review the transactions below and select the one that would be journalized in a general journal when specialized journals are us

ed within the business.
A. Purchasing equipment by issuing a check
B. Receiving a cash payment from a customer
C. Purchasing inventory on account
D. Purchasing equipment by issuing a note payable
Business
1 answer:
nignag [31]3 years ago
4 0

Answer:

The correct option is D,purchasing equipment by issuing a note payable

Explanation:

Issuing check to pay for equipment purchase,receipt of cash from a customer as well as purchase of inventory on account are all usual transactions that take place regularly within a business ,hence do not require any specialized journals in posting them in the books of account.

However,purchase of equipment by issuing a note a more complex transaction that seldom occur,it is important to reflect in the accounts in a special way in order to draw attention to it that it is a special transaction that should be handled different from other transactions

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3 years ago
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Explanation:

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4 0
3 years ago
A bankrupt who owns a house has the option of either paying the mortgage or losing his home. The court cannot reduce the amount
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Answer: I will vote in favor of the bill.

Explanation:

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3 years ago
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Answer:

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