Litten Enterprises received payment in full from a customer who had purchased goods on credit. Assuming the use of special journals, this entry would be recorded in the:

Name: Litten Enterprises received payment in full from a customer who had purchased goods on credit. Assuming the use of special journals, this entry would be recorded in the:
Brand: Quizplus
Rating: 4.9 (56 reviews)

Question

Quizplus · Accepted Answer

The cash receipts journal is used to record all cash inflows, including payments received from customers for goods sold on credit.

Litten Enterprises Received Payment in Full from a Customer Who