A cash payments journal is a special journal used to record all of the following EXCEPT

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A cash payments journal is used to record all cash payments made by a business, including cash paid for purchases of supplies, cash withdrawals by the owner, and payments of expenses by check. However, an asset accepted as payment from a supplier is not a cash payment and would not be recorded in the cash payments journal. It would instead be recorded in the general journal or in a separate purchases journal.

A Cash Payments Journal Is a Special Journal Used to Record