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A journal in which all sales made on credit or cash are listed is:
Suggested Answer: B
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39 comments · newest first
MA
Marguerita
11 months ago
Really? I always thought sales were tracked separately.
MO
Mozell
11 months ago
Nope, it's not that one! General journal is correct.
LA
Lawanda
11 months ago
Wait, are we sure? I thought it was the Disbursement journal.
CY
Cyril
12 months ago
Agreed, all transactions go there.
DO
Dorothea
12 months ago
It's definitely the General journal!
SI
Silva
12 months ago
I feel like the general journal is the right choice since it records all types of transactions, but I could be mixing it up with something else we studied.
ET
Ethan
1 year ago
I’m a bit confused. I thought the disbursement journal was for cash payments only, so that can't be it.
DE
Denae
1 year ago
I remember practicing a similar question, and I think it was about the accounts receivable journal. But that was specifically for credit sales, right?
AN
Anthony
1 year ago
I think the answer might be the general journal, but I'm not completely sure. We did cover this in class.
MA
Mattie
1 year ago
I'm a little stuck on this one. I know the different journals are used to record specific types of transactions, but I'm having trouble remembering which one is for all sales. I'll try to think it through logically and see if I can figure it out.
HU
Hui
1 year ago
Okay, I've got this! The general journal is where you record all transactions, so that's not the right answer. The accounts receivable journal is for credit sales, and the accounts payable journal is for purchases on credit. The disbursement journal is for cash payments. The answer must be B, the accounts receivable journal.
RE
Reid
1 year ago
Hmm, I'm a bit unsure about this one. I know there are different journals for different types of transactions, but I'm not totally clear on the differences. I'll try to eliminate the options that don't seem right.
NO
Noel
1 year ago
This looks like a straightforward accounting question. I'll carefully read through the options and think about which journal would record all sales, both credit and cash.
SO
Sonia
1 year ago
Ooh, trick question! The answer is actually E) The journal that makes the most money. Am I right or am I right? *wink*
GR
Graciela
1 year ago
E) The journal that makes the most money. Am I right or am I right? *wink*
TA
Tawna
1 year ago
D) General journal
KA
Kanisha
1 year ago
C) Accounts payable journal
WI
Willard
1 year ago
B) Accounts receivable journal
BE
Bettina
1 year ago
A) Disbursement journal
LA
Lacey
1 year ago
B) Accounts receivable journal is the way to go. I mean, who doesn't love a good ol' accounts receivable journal? It's like the rock star of the accounting world.
JO
Johnetta
1 year ago
Accounts payable journal is also important for tracking all the payments that need to be made.
AM
Amber
1 year ago
I prefer the general journal because it allows for more flexibility in recording different types of transactions.
TA
Tawanna
1 year ago
I agree, the accounts receivable journal is essential for keeping track of all sales.
BR
Brigette
1 year ago
I'm going with D) General journal. It's the catch-all journal, right? Everything goes in there, including sales, purchases, and that one time I spilled coffee on the books.
BU
Bulah
1 year ago
Actually, it's D) General journal. It's like the main hub for all transactions in the accounting system.
PA
Pamela
1 year ago
I think it's B) Accounts receivable journal. That's where we keep track of sales made on credit.
KA
Kate
1 year ago
Yes, you're right! The general journal is where all transactions are recorded.
PO
Portia
1 year ago
Definitely B. The accounts receivable journal is where you'd record all those juicy credit sales. Who needs a disbursement journal when you've got that sweet, sweet AR action going on?
WA
Wade
1 year ago
I agree with you, B is the right choice. Accounts receivable journal is specifically for sales made on credit.
NI
Nicolette
1 year ago
I'm going with D. General journal seems like it could cover all types of transactions.
LE
Leonora
1 year ago
I think it's B too. Accounts receivable journal is the way to go for tracking those sales.
GE
Gerardo
2 years ago
I'm not sure, but I think D) General journal could also be a possibility for recording sales transactions.
ER
Erasmo
2 years ago
I think the answer is B) Accounts receivable journal. It makes the most sense to keep track of all sales, both credit and cash, in one place.
TI
Tiara
1 year ago
Oh, I see. Thanks for clarifying that.
AN
Andra
1 year ago
Actually, it's B) Accounts receivable journal, specifically for sales made on credit.
SH
Shalon
2 years ago
I think it's D) General journal, because it records all types of transactions.
KR
Kristel
2 years ago
I agree, keeping track of all sales in one place is important.
VA
Vallie
2 years ago
I agree with Rebeca. Sales made on credit or cash should be recorded in the accounts receivable journal.
RE
Rebeca
2 years ago
I think the answer is B) Accounts receivable journal.