Indicate whether each of the following debits and credits is included in the cash receipts journal. (Use

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Indicate whether each of the following debits and credits is included in the cash receipts journal. (Use “Yes” or “No” to answer this question.)

1. Debit to Sales Revenue.
2. Credit to Inventory.
3. Credit to Accounts Receivable.
4. Debit to Accounts Payable.

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Accounting Principles

ISBN: 978-0470534793

10th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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