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On October 3 Ken Steele a Carpenter Received a Cash

Question 166

Multiple Choice

On October 3 Ken Steele a carpenter received a cash payment for services previously billed to a client. Ken paid his telephone bill and he also bought equipment on credit. For the three transactions at least one of the entries will include a


A) credit to Owner's Capital.
B) credit to Notes Payable.
C) debit to Accounts Receivable.
D) credit to Accounts Payable.

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