Flavor Ice Cream received a payment of $7,800 from a credit customer within the discount period. Identify the journal the transaction would be recorded in:
A) Purchases journal.
B) Cash disbursements journal.
C) Cash receipts journal.
D) General journal.
E) Sales journal.

Question

Quizplus · Accepted Answer

The transaction involves a payment received from a customer, which would be recorded in the cash receipts journal. The other journals listed are not applicable to this transaction.

Flavor Ice Cream Received a Payment of $7,800 from a Credit