Three transactions that would be recorded in the sales journal are: (1) recording sales taxes (2) recording sales returns and allowances and (3) recording purchases discounts.
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Q48: Individual transactions in the purchases journal are
Q49: The purchases journal is typically used to
Q50: Account balances in the general ledger and
Q51: Each transaction recorded in the sales journal
Q52: Which of the following accounting principles prescribes
Q54: A procedure called direct posting of sales
Q55: A columnar journal is any journal with
Q56: A company using the perpetual inventory system
Q57: The flexibility principle of accounting information systems
Q58: The five fundamental principles of accounting information
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