QUESTION 6 A purchases journal is a special journal to record all purchases on a

Question

QUESTION 6 A purchases journal is a special journal to record all purchases on account. cash purchases. sales on account. cash sales. 2 points Save Answer

QUESTION 7 The Cash Payments journal is also called the cash receipt journal. purchase journal. special journal. cash disbursement journal. 2 points Save Answer

QUESTION 8 Bank service charges are deducted from the checking account. cash account. purchases account. sales account. 2 points Saved QUESTION '

9 The bank card fee is calculated as a percentage on total amount recorded on the bank card sales slips. the total sales. cash sales. purchases entered in the total purchases account. 2 points Saved QUESTION

10 Contra cost of merchandise account means the purchase returns and allowance account. the cash and credit purchases. the sales return and allowance account. total cash and credit sales.

Explanation / Answer

(6) to record all purchases on account

(7) cash disbursement journal

(8) Bank service charges are deducted from the checking account

(9) as a percentage on total amount recorded on the bank card sales slips

(10) the purchase returns and allowance account

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