Question
Big Industries purchased merchandise from Small Company paying $5,000 in cash and promising to pay the remaining $5,000 in 30 days. Assuming the use of
Big Industries purchased merchandise from Small Company paying $5,000 in cash and promising to pay the remaining $5,000 in 30 days. Assuming the use of special journals. Big industries would record this entry in the
A. Sales.
B. Cash receipts journal
C. Cash payments journal
D. General journal.
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Statistics For Economics Accounting And Business Studies
Authors: Michael Barrow
4th Edition
273683087, 027368308X, 978-027368308
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