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In which situation would you credit the Cash account? a) Cash is received from a customer b) Cash is invested by the owner c) Cash is used to pay an expense d) Cash is deposited into the bank

In which situation would you credit the Cash account? a) Cash is received from a customer b) Cash is invested by the owner c) Cash is used to pay an expense d) Cash is deposited into the bank

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter10: Cash Receipts And Cash Payments
Section: Chapter Questions
Problem 4A: Suppose we collected cash from a charge customer and the debit was to Cash and the credit to Sales....
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In which situation would you credit the Cash account? a) Cash is received from a customer b) Cash is invested by the owner c) Cash is used to pay an expense d) Cash is deposited into the bank
Transcribed Image Text:In which situation would you credit the Cash account? a) Cash is received from a customer b) Cash is invested by the owner c) Cash is used to pay an expense d) Cash is deposited into the bank
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