Mayana Corporation uses special journals to record its transactions. If one of Mayana’s customers returns…

Mayana Corporation uses special journals to record its transactions. If one of Mayana’s customers returns merchandize purchased with cash (for a refund), it makes an entry in the?
  • A.
    cash receipts journal
  • B.
    sales journal
  • C.
    general journal
  • D.
    cash disbursement journal.
Correct Answer: Option D
Explanation
You May Also Like