If a company purchases merchandise for cash the transaction should be recorded in the

A) purchases journal.
B) general journal.
C) cash payments journal.
D) sales journal.

Cash Payments Journal

A financial journal that records all disbursements of cash, including expenses, asset purchases, and debt payments.

Merchandise

Goods that are purchased with the intention of reselling them to customers, typically found in the inventory of retail businesses.

Purchases Journal

An accounting journal used to record all purchases of goods and services on credit.