3. A one-column sales journal may be used to record a. sales of supplies on account. b. sales of goods on account. c. sales of goods for cash. d. collections on account.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 24MC: You just posted a credit to Accounts Receivable. Which special journal did it come from? A. sales...
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3 A one-column sales journal may be used to record
a. sales of supplies on account.
b. sales of goods on account.
sales of goods for cash.
d. collections on account.
С.
4. A sales journal will be used for:
Sales
Credit Sales Cash Sales Discounts
Yes
No
a.
No
Yes
b.
Yes
Yes
с.
Yes
No
No
d.'
Yes
Yes
No
Transcribed Image Text:3 A one-column sales journal may be used to record a. sales of supplies on account. b. sales of goods on account. sales of goods for cash. d. collections on account. С. 4. A sales journal will be used for: Sales Credit Sales Cash Sales Discounts Yes No a. No Yes b. Yes Yes с. Yes No No d.' Yes Yes No
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