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The Journal Entry to Record an Exchange of Assets Would

Question 65

Multiple Choice

The journal entry to record an exchange of assets would include


A) a debit to Cash and a credit to Fees Earned.
B) a debit to Supplies and a credit to Accounts Payable.
C) a debit to Cash and a credit to Accounts Receivable.
D) a debit to Fees Earned and a credit to Accounts Receivable.

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