What entry is required in the company's accounts to record outstanding checks? Select one: A. no entry required B. debit Cash; credit Accounts Receivable C. debit Cash; credit Accounts Payable D. debit Accounts Receivable; credit Cash
What entry is required in the company's accounts to record outstanding checks? Select one: A. no entry required B. debit Cash; credit Accounts Receivable C. debit Cash; credit Accounts Payable D. debit Accounts Receivable; credit Cash
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 24MC: You just posted a credit to Accounts Receivable. Which special journal did it come from? A. sales...
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What entry is required in the company's accounts to record outstanding checks?
Select one:
A. no entry required
B. debit Cash; credit Accounts Receivable
C. debit Cash; credit Accounts Payable
D. debit Accounts Receivable; credit Cash
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