In a firm that uses special journals, the sale of merchandise for cash is recorded in the
A)sales journal.
B)cash payments journal.
C)cash receipts journal.
D)purchases journal.

Question

Quizplus · Accepted Answer

The sale of merchandise for cash is recorded in the cash receipts journal. This journal is used to record all transactions where cash is received, including the sale of goods for cash.

In a Firm That Uses Special Journals, the Sale of Merchandise