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Which special journal is used to record merchandise

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Reference no: EM132820902

Problem 1: Which special journal is used to record merchandise or other items bought on account?

A) Sales journal

B) Cash Receipts journal

C) Purchases journal

D) Cash Payments journal

Problem 2: Amounts are posted to the Accounts Payable Subsidiary Ledger

A) at the end of the month.

B) daily.

C) when financial statements are being prepared.

D) whenever the accountant has some spare time.

Reference no: EM132820902

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