Which of the following journals would a company use to record a merchandise return?
A)General journal.
B)Cash receipts journal.
C)Cash disbursements journal.
D)Purchases journal.
E)Sales journal.

Question

Quizplus · Accepted Answer

A merchandise return is typically recorded in the general journal, as it involves adjustments that do not fit into the specialized journals like cash receipts, cash disbursements, purchases, or sales journals.

Which of the Following Journals Would a Company Use to Record