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Prepare the purchases journal or cash payments journal

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Reference no: EM132480726

W.J. Company uses the gross method of recording purchases of merchandise. It also uses the perpetual inventory system.

Transaction:

On June 16, W. J. Co. purchased store supplies on account from Susie Supplies at a cost of $1,640.

Required:

Question (a) Select the appropriate special journal in which the transaction should be entered.

Question (b) Enter the transaction in that journal.

Question(c) Prepare the Purchases Journal or Cash Payments Journal or General Journal

Reference no: EM132480726

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