Question

The account titles for transaction (D) 5/5 should appear in the Account Title column of the journal entry as

A. Merchant’s Bank Equipment—Store
B. Cash Equipment—Store
C. A/P—Bellhaven Bank Cash
D. Inventory—Merchandise P. Woodsley—Capital

Answer 1

The account titles for transaction (D) 5/5 should appear in the Account Title column of the journal entry as A/P—Bellhaven Bank Cash

Hope this helps!!