Multiple Choice
For each of the transactions listed below, select the journal that should be used to record the transaction. Use CR for cash receipts journal, CP for cash payments journal, S for sales journal, P for purchases journal, and G for general journal.
-Returned some damaged merchandise to a supplier and received a credit memorandum.
A) CR for cash receipts journal
B) CP for cash payments journal
C) S for sales journal
D) P for purchases journal
E) G for general journal.
Correct Answer:
Verified
Correct Answer:
Verified
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