Acct 1 - Chapter 9 - Purchases & Cash Payments Journals

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9 Terms

1

Name a subsidiary ledger

Accounts Payable and Accounts Receivable

2

Name a contra account

capital & drawing or purchases & purchases discount

3

Purchases - NB

Debit

4

Purchases Discount - NB

Credit

5

Purchases - Classification

COGS

6

Buying merchandise goes to what account?

Purchases

7

Purchases discount- Classification

Cogs

8

What ledger is accounts payable located in

General

9

What ledger is the Smart Store located in

Accounts payable