Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

when companies use special journals a.) they record all cash received, except from cash sales, and the cash receipts journal b.) they record all cash

when companies use special journals
a.) they record all cash received, except from cash sales, and the cash receipts journal
b.) they record all cash disbursements in the cash payments journal
c.) A general journal is not necessary
d.) they record all purchase transactions in the purchases journal

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions