The entries in a sales journal will show
A) all sales of merchandise.
B) the cash sales of the company.
C) the credit sales of merchandise.
D) all sales of the company.

Question

Quizplus · Accepted Answer

The entries in a sales journal will show the credit sales of merchandise, not cash sales or all sales of the company. A sales journal typically records the sales transactions made on credit, meaning the customer receives the merchandise immediately but pays for it at a later date. Cash sales would be recorded in a cash receipts journal, and all sales of the company would include a combination of credit and cash sales, along with other types of revenue, and would be recorded in a general journal.

The Entries in a Sales Journal Will Show