Indicate whether each of the following debits and credits is included - 11860

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  • Posted on: Wed 27 Jun, 2012
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BE7-7
 
 
     Your answer is correct.
      
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   
2.    Credit to Merchandise Inventory   
3.    Credit to Accounts Receivable   
4.    Debit to Accounts Payable    

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