Question: which special journal does this go into and how do I record the entry: Possible special journals: Cash receipts journal Cash disbursements journal Purchase Journal
which special journal does this go into and how do I record the entry:
Possible special journals:
Cash receipts journal
Cash disbursements journal
Purchase Journal
Sales Journal
General Ledger
Accounts receivable subsidiary ledger
Accounts payable subsidiary ledger
Inventory records for software and for computers
Purchased one year insurance policy on furniture and office equipment for $600.
Purchased 10 computers from Vendor _ Anthony Co. for $400. Freight expense is $80. Use the vendors shipping terms as stated in their subsidiary account. IF FOB Shipping Point, factor the freight expense into the cost per unit in the inventory record.
Purchased 45 computers from Vendor __Biggins Co.____ for $ 400. Freight is $60. Use the vendors shipping terms as stated in their subsidiary account.
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