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17 July, 07:42

Doughton Furniture Company purchased merchandise on credit from Furniture Supply for $8,000. Two days later Doughton returned $2,000 of the merchandise due to damage. When Doughton pays for the merchandise minus the return, it would record the payment in the:A. Cash receipts journal. B. Cash disbursements journal. C. Purchases journal. D. Accounts Payable controlling account. E. General journal.

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  1. 17 July, 08:03
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    E) General journal

    Explanation:

    The general journal is used to record all the accounting transactions carried out by a company. If the company uses an accounting tool software or a more complete ERP software, the transaction should be recorded immediately or as soon as possible.

    For example, the journal record for this transaction should be:

    Dr Accounts Payable account 6,000 Cr Cash account 6,000
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