An unhappy customer just returned $50 of the items he purchased yesterday when he charged the goods

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An unhappy customer just returned $50 of the items he purchased yesterday when he charged the goods to the company’s store credit card. Which special journal would the company use to record this transaction?
A. Sales journal
B. Purchases journal
C. Cash receipts journal
D. Cash disbursements journal
E. General journal

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Concept introduction Journals Journals are prepared to record business transactions There are two types of journals Special Journals Special journals record the recurring business transactions like sales purchase cash receipts and payments Some special journals are as follows Sales journal Sales Return Journal Purchase journal Purchase return journal Cash receipts journal Cash payment journal General Journal All the business transactions which do not belong to special journals are recorded using general journal To choose The journal used to enter the transaction ...View the full answer

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