Which Special Journal would the following transaction be journalized in?
Sold merchandise on account to Customer Company terms 2/10, n/30 for 7,000.00 with a cost of 3,000.00.
Choose the best answer below:
Multiple Choice
Sales Journal
Purchases Journal
Cash Payment Journal/Cash Disbursements Journal
Cash Receipts Journal
General Journal
Answer: Sales Journal
Explanation:
The given information is related to "sales journal" . When merchandise sold on account to customer, Cash will not received immediately and transfer of goods will be taken place. so this information is posted in sales journal
Which Special Journal would the following transaction be journalized in? Sold merchandise on account to Customer...
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