Which of the following transactions would be recorded in a sales journal of the type illustrated in the text?
A)customer return of merchandise originally bought on credit
B)customer purchase of merchandise for cash
C)sale by a used car dealer of part of the property surrounding his display lot
D)customer purchase of merchandise on credit terms

Question

Quizplus · Accepted Answer

A sales journal records sales made on credit terms, therefore only option D (customer purchase of merchandise on credit terms) would be recorded in a sales journal. The other options (customer return of merchandise originally bought on credit, customer purchase of merchandise for cash, and sale by a used car dealer of part of the property surrounding his display lot) would be recorded in other journals or ledgers.

Which of the Following Transactions Would Be Recorded in a Sales