In which journal would adjusting entries be found?
A) cash receipts journal
B) cash payments journal
C) general journal
D) purchases journal

Question

Quizplus · Accepted Answer

Adjusting entries are made in the general journal at the end of an accounting period to ensure that the accounts are accurate and up-to-date before financial statements are prepared. The cash receipts journal, cash payments journal, and purchases journal are all used for specific types of transactions, but adjusting entries are not recorded in these journals.

In Which Journal Would Adjusting Entries Be Found