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Author Question: Cash is found on the ________. A) Income statement B) Balance sheet C) Statement of changes in ... (Read 176 times)

savannahhooper

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on: Jul 5, 2018
Cash is found on the ________.
 
  A) Income statement
  B) Balance sheet
  C) Statement of changes in shareholders' equity
  D) Statement of operations

Question 2

Under a periodic inventory system, closing entries will include
 a. debits to Sales, Purchases Returns and Allowances, and Purchases Discounts
  b. credits to Purchases and Sales Discounts
  c. adjustments to Merchandise Inventory account to match physical inventory
  d. all of these


randomguy133

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Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

a


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