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The purchase journal records all company purchases A. for goods paid by check B. for services...

The purchase journal records all company purchases
A. for goods paid by check
B. for services on account
C. for services paid in cash
D. for goods on account

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Answer #1

Answer:

D. for goods on account

Explanation:

Any purchases made with credit can be referred to as “purchased on account.” A business that owes another entity for goods or services rendered will record the total amount as a debit entry to increase accounts payable. The outstanding balance remains until cash is paid, in full, to the entity owed.

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