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Question
Which of the following is always recorded in the general journal?
a. rendering services for cash
b. purchases of supplies on account
c. rendering services on account
d. closing entries
Solution
VerifiedAnswered 2 months ago
Answered 2 months ago
Step 1
1 of 3The four special journals are the following:
Sales Journal
This is where we record all the sales transactions that are on account.
Purchase Journal
This is where we record all the purchases that are made on account.
Cash Receipts Journal
This is where we record transactions that involve the receipt of cash such as cash sales, interest, etc.
Cash Disbursement Journal
This is where we record transactions that resulted in a cash payment.
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