Flavor Ice Cream received a payment of $7,800 from a credit customer within the discount period.Identify the journal the transaction would be recorded in.
A)Cash disbursements journal.
B)Sales journal.
C)Cash receipts journal.
D)Purchases journal.
E)General journal.

Question

Quizplus · Accepted Answer

The transaction of receiving the payment from the credit customer falls under the Cash Receipts Journal.

Flavor Ice Cream Received a Payment of $7,800 from a Credit