W.J. Company uses the gross method of recording purchases of merchandise. It also uses the...
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Accounting
W.J. Company uses the gross method of recording purchases of merchandise. It also uses the perpetual inventory system. Transaction: On October 26, W. J., the owner, withdrew $1,820 for personal use, check #8256. Required: (a) Select the appropriate special journal in which the transaction should be entered. (b) Enter the transaction in that journal. Journal Purchases Journal Cash Payments Journal General Journal need to know what journal to work the problem.
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