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JENNYTEJADA
Jun 10, 2010, 07:50 AM
Purchased office equipment for $2650 by issuing a cheque for $650 and the balance is on credit. The equipment has useful life of three years. What journal should I be using,
Cash Disbursement or General Journal?
My aswer is general journal. Please let me know if this is correct.

pready
Jun 12, 2010, 08:44 AM
What does purchasing office equipment have to do with a perpetual inventory system? Nothing!!