Multiple Choice
A customer who had purchased $75,000 worth of merchandise on account returns 5% of this order to the seller because he is not satisfied with the quality of the goods.This transaction would be recorded in which journal if historically the seller has had very few returns of this nature?
A) Sales journal
B) Purchases journal
C) Cash disbursements journal
D) Cash receipts journal
E) General journal
Correct Answer:
Verified
Correct Answer:
Verified
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