Multiple Choice
The entry to journalize the receipt of cash for the value of a time draft includes a
A) debit to Time Drafts Receivable and a credit to Cash.
B) debit to Cash and a credit to Time Drafts Receivable.
C) debit to Cash and a credit to Sales.
D) debit to Sales and a credit to Cash.
Correct Answer:
Verified
Correct Answer:
Verified
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