Clooney Enterprises Received a Tax Refund Cheque in the Mail

question 85

Multiple Choice

Clooney Enterprises received a tax refund cheque in the mail and immediately deposited it in the bank. Assuming the use of special journals, this entry would be recorded in the:

• A)general journal.
• B)cash payments journal.
• C)cash receipts journal.
• D)sales journal.

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Definitions:

Business Cycle

The fluctuations in economic activity that an economy experiences over a period of time, marked by periods of expansion and recession.

Personal Weaknesses

Refers to the individual flaws or limitations that can impact a person's behavior, decision-making, and effectiveness in various aspects of life.

Degrading Environment

The process of decline in the quality, health, or vibrancy of the natural environment due to factors such as pollution, deforestation, and climate change.

Bicycling

The act of riding a bicycle, a human-powered, pedal-driven vehicle with two wheels attached to a frame.