Question: Select the correct statement below as it relates to Cash sales vs Credit sales. Multiple Choice Credit sales require a journal entry to accounts payable

Select the correct statement below as it relates to Cash sales

Select the correct statement below as it relates to Cash sales vs Credit sales. Multiple Choice Credit sales require a journal entry to accounts payable by the Seller in order to credit the Customer's account. Cash sales are paid at the time the sale is generated. Credit sales are amounts owed to Suppliers. Cash sales require a credit to cash and a debit to Sales

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