Flavor ice cream received a payment of $7,800 from a credit customer within the discount period. identify the journal the transaction would be recorded in:

Cash receipts journal

Explanation:

The cash receipt journal is an accounting journal system which keeps the track of all the transactions i.e the sales and cash credited.

Here in the given question the payment is received by the credit customer.

Hence, for the sales transaction the payment is credited in the account of the company.

Thus,

it will be recorded in the Cash receipts journal

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.