Question Assignment description
need help with this problem with account Particular journals: Purchaser’s entriesW.J. Firm makes use of the gross methodology of recording purchases of merchandise. It additionally makes use of the perpetual stock system.Transaction:On August eight, W. J. Co. bought a one-year insurance coverage coverage upfront from Premium Firm for money, $2,172, test #1776.Required:(a) Choose the suitable particular journal during which the transaction ought to be entered.(b) Enter the transaction in that journal.