Which of the following is NOT typically recorded in a cash payments journal?

The cash payments journal is primarily used to record all transactions that involve cash going out of the business. This includes various types of expenditures such as cash refunds, purchases of merchandise, and loan repayments. These entries typically reflect outflowing cash and contribute to the overall tracking of the company's financial responsibilities and cash management.

Sales revenues, however, represent income generated from sales transactions where cash is received, which is recorded in a different type of journal, typically a sales journal or revenue journal. This distinction is important because the cash payments journal focuses specifically on payments made, not earnings received. Therefore, the inclusion of sales revenues would not align with the purpose of the cash payments journal, making it the correct answer to identify what is not typically recorded in that journal.