Asked by Nolan Blackwell on May 11, 2024

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In which journal would adjusting entries be found?

A) cash receipts journal
B) cash payments journal
C) general journal
D) purchases journal

General Journal

A primary accounting record where all types of financial transactions are initially recorded using the double-entry bookkeeping method.

Adjusting Entries

Journal entries made at the end of an accounting period to update account balances before financial statements are prepared.

Cash Receipts Journal

An accounting ledger that tracks all cash inflows to a business, documenting sources of revenue or income.

  • Distinguish between transactions to be documented in general journals as opposed to those for special journals.
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LS
Lesley SerranoMay 18, 2024
Final Answer :
C
Explanation :
Adjusting entries are made in the general journal at the end of an accounting period to ensure that the accounts are accurate and up-to-date before financial statements are prepared. The cash receipts journal, cash payments journal, and purchases journal are all used for specific types of transactions, but adjusting entries are not recorded in these journals.