Asked by Trap muzik Blossom on May 04, 2024

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Which of the following transactions is recorded in the purchases journal?

A) purchase of store supplies on account
B) return of damaged office equipment
C) purchase of store supplies for cash
D) purchase of office equipment for cash

Purchases Journal

The purchases journal is a financial record keeping system where a business logs all purchases of inventory on credit, excluding cash purchases.

Store Supplies

Consumable items used in the day-to-day operations of a retail store, such as bags, cleaning materials, and office supplies.

Damaged Office Equipment

Damaged office equipment refers to workplace tools and machines that have been impaired or broken, affecting their functionality.

  • Determine the appropriate recording of purchases and sales transactions.
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Verified Answer

MR
marco RomeroMay 10, 2024
Final Answer :
A
Explanation :
The purchases journal is used to record credit purchases of inventory or supplies. The purchase of store supplies on account matches this description and would be recorded in the purchases journal.