Credit sales of assets other than merchandise are recorded in the
A) cash payments journal.
B) cash receipts journal.
C) general journal.
D) sales journal.

Name: Credit sales of assets other than merchandise are recorded in the A) cash payments journal. B) cash receipts journal. C) general journal. D) sales journal.
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Question

Quizplus · Accepted Answer

Credit sales of assets other than merchandise are not a regular occurrence and do not fall under the usual categories for journals. Therefore, they are recorded in the general journal.

Credit Sales of Assets Other Than Merchandise Are Recorded in the