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LO 7.3 You just posted a credit to Accounts Receivable. Which special journal did it come from?Choose one answer from the options below.A. sales journalB. cash receipts journalC. purchases journalD. cash disbursements journalE. general journalBackNext

Question

LO 7.3 You just posted a credit to Accounts Receivable. Which special journal did it come from?Choose one answer from the options below.A. sales journalB. cash receipts journalC. purchases journalD. cash disbursements journalE. general journalBackNext

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Solution

The credit to Accounts Receivable likely came from the Cash Receipts Journal (Option B). This journal is used to record all cash that is received by a business, which often includes payments from customers on their Accounts Receivable.

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