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is a book of first entry in which credit sales invoices are recorded
Entries in sales journal shows all the sales company has made on credit and no other transaction is part of sales journal account.
Debit Cash Credit Sales
Sales returns journal records all sales return transactions only and no other transaction of business is recorded.
credit sales
debit accounts receivablecredit sales revenue
General Journal Sales Returns and Allowances - A company with sales returns and allowances can record them in the General Journal.
is a book of first entry in which credit sales invoices are recorded
Entries in sales journal shows all the sales company has made on credit and no other transaction is part of sales journal account.
Debit Cash Credit Sales
Sales returns journal records all sales return transactions only and no other transaction of business is recorded.
credit sales
Sales(debit) and income summary (credit)
[Debit] Accounts receivable[Credit] Sales revenue
Debit Cash $XXX Credit Sales $XXX
[Debit] sales return [credit] cash / bank
Debit accounts receivableCredit sales revenue