Australia Company Sells a Product for $500 Cash to Martin

question 64

Multiple Choice

Australia Company sells a product for $500 cash to Martin and Lewis Enterprises.This transaction will be recorded in the ________.

• A) cash payments journal
• B) sales journal
• C) cash receipts journal
• D) purchase journal

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Definitions:

American Economy

The economic system of the United States, characterized by a mixed economy with both private enterprises and government involvement.

Opportunities for Women

Chances or avenues available for women to advance, grow, or succeed in various fields, emphasizing progress towards gender equality.

Retail Industry

Comprises businesses that sell goods and services directly to the end consumer for personal, non-business use.