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.
-Collected sums on account from credit customers
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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