Which September transaction would not be recorded in the four common types of the special journal?
Which September transaction would not be recorded in the four common types of the special journal?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which September transaction would not be recorded in the four common types of
the special journal?

Transcribed Image Text:On September 1, 2021, Lily Company had an initial accounts receivable control
account balance of $72,000. The subsidiary ledger contains 3 accounts: Jasmine
Company, balance $25,200; Sunflower Company, balance $14,400; and Orchid
Company. The following were information regarding Lily Company's accounts
receivable during September.
Purchases
Payments
Returns
Jasmine Company
$57,500
$50,000
$2,000
Sunflower Company
$82,000
$32,800
$ -
Orchid Company
$43,700
$52,000
$ -
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