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.)
(a) Debit to Sales Revenue. (c) Credit to Accounts Receivable.
(b) Credit to Inventory. (d) Debit to Accounts Payable.
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a Yes b No c Yes d No Yes the debit to sales revenue would be included in the cash receipts journ...View the full answer
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Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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