I am confused about where A/P goes in the Cash Payments Journal. I was taught that Accounts Payable is a credit in the CP Journal but I have a book that shows that in the "Cash Payments Journal" Accounts Payable is a debit. How can it be both and who is right?

Received a check in the amount of $8,560

P5-9A. At the beginning of the current season on April 1, the ledger of Fairway Pro Shop showed Cash $2,500; Merchandise Inventory $3,500; and Common Stock $6,000. These transactions occurred during April 2007. Apr. 5 Purchased golf bags, clubs, and balls on account from Kokott Co....

Which of the following journals is used when cash is refunded to a customer upon return of goods sold for cash? A. Cash receipts journal B. cash payments journal C. sales returns and allowances journal D. purchases returns and allowances journal :eek: :confused: :eek: I think its sales...