Question: A partial Cash Receipts Journal for ABC Co. is shown below. Show how to post the transactions into the general ledger by selecting all of
A partial Cash Receipts Journal for ABC Co. is shown below. Show how to post the transactions into the general ledger by selecting all of the correct actions below. Account Credited PR Cash Dr. Sales Disc. Dr. Accounts Receivable Cr. Sale Cr. COGS Dr. Inventory Cr. Sales 1,000 1,000 300 Q-Mart 495 5 500 Totals $3,495 $5 $500 $1,000 $300
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