Indicate whether each of the following debits and credits is included in the cash receipts journal. (Use
Question:
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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Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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