Question

Doughton Furniture Company purchased merchandise on credit from Furniture Supply for $8,000. Two days later Doughton...

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. Doughton would record the return of merchandise in the:

- Accounts Payable controlling account.

- Purchases journal.

- Cash disbursements journal.

- General journal.

- Cash receipts journal.

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Homework Answers

Answer #1

The Answer is General journal.

Explanation:

1) Except cash receipts, cash payments, purchases and sales, all the remaining entries are posted in general journal. So, Purchase returns are posted in general journal.

2) Accounts payable controlling account is not a type of journal. So, Incorrect.

3) Cash disbursement and cash receipts journal deals with cash transactions only. So, Incorrect.

4) Purchase journal records only purchases on credit but not purchase returns. So, Incorrect.

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