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  • Jun 10, 2010, 07:50 AM
    JENNYTEJADA
    Perpetual Inventory System
    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.
  • Jun 12, 2010, 08:44 AM
    pready

    What does purchasing office equipment have to do with a perpetual inventory system? Nothing!!

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