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  3. Study Set
    Financial Accounting Study Set 26
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    Exam 2: Recording Business Transactions
  5. Question
    When a Business Sells Inventory in Exchange for Cash, Which
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When a Business Sells Inventory in Exchange for Cash, Which

Question 24

Question 24

Multiple Choice

When a business sells inventory in exchange for cash, which of the following accounts is credited?


A) Owners' Equity
B) Accounts Payable
C) Revenue
D) Cash

Correct Answer:

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