Assume That a Company Uses a Sales Journal, a Purchases

question 119

Multiple Choice

Assume that a company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. A sales return for credit on account would be recorded in the:

• A) Sales journal.
• B) General journal.
• C) Cash receipts journal.
• D) Accounts receivable ledger.
• E) Cash disbursements journal.

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