[Anon1710]

The _____ journal is used to record acquisition transaction such as inventory, supplies and office expenses-
a.Sales
b.Purchase
c.Cash Payments
d.Accounts Receivable

[pready]

What journal do you think is used? Then I will tell you what journal is used.

[Anon1710]

Purchase..

[pready]

I did not answer your question because it is homework. You did not read the rules for this site regarding homework.

Also I wanted you to try to get the answer yourself because that is the way most people learn. You do not learn if someone just gives you the answer.

Now let's look at your choices:
A. Sales - This is incorrect because you are not making a sale to a customer.

C. Cash Payments - This is incorrect because your problem does not state making a cash payment.

D. Accounts Receivables - This is incorrect because a customer is not making a payment on their account.

This leaves only one choice; B. Purhcases because you are making a purchase for inventory and offcie supplies.

There would not be a acquisition for office expenses unless it is for prepaid expenses like purchase insurance, which would be used in the future.

[Anon1710]

Thanks.. Anyway, it wasn't my homework.. My mom had to submit it at her workplace.. I am not even an accounts student.. :P