The correct answer is: D. Cash payments journal.
A cash payments journal is a specialized journal used to record all cash payments made by a business. This includes payments for goods and services, as well as payments for expenses such as rent, utilities, and salaries.
A purchase journal is a specialized journal used to record all purchases made by a business. This includes purchases of goods and services, as well as purchases of assets such as equipment and inventory.
A sales journal is a specialized journal used to record all sales made by a business. This includes sales of goods and services, as well as sales of assets such as equipment and inventory.
A purchase return journal is a specialized journal used to record all returns of goods and services purchased by a business.
Here is an example of a cash payments journal entry:
Date | Account | Debit | Credit |
——- | ——– | —– | —– |
2023-02-25 | Accounts Payable | 100 | Cash |
This entry records a cash payment of $100 to a supplier on account.
I hope this helps! Let me know if you have any other questions.