Identify the special journal(s) in which the following column headings appear. 1. Sales Discounts Dr. 2. Accounts

Question:

Identify the special journal(s) in which the following column headings appear.
1. Sales Discounts Dr.
2. Cr.
3. Cash Dr.
4. Sales Cr.
5. Merchandise Inventory Dr.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...