Marge Company has all of the special journals that were described in your text (other than the voucher register)as a part of its accounting system.Which of the following journal entries would therefore be recorded in Marge's general journal?

Question

Quizplus · Accepted Answer

Transactions that are not routine or that do not fit into the specific categories covered by special journals are recorded in the general journal. The return of defective purchased merchandise for credit is a less common transaction that would be recorded in the general journal, as it does not specifically fit into the sales, purchases, cash receipts, or cash disbursements journals.

Marge Company Has All of the Special Journals That Were