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    Financial and Managerial Accounting
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    Exam 15: Accounting Information Systems
  5. Question
    Ocean Corporation Sells a Product for $500 on Account to Great
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Ocean Corporation Sells a Product for $500 on Account to Great

Question 63

Question 63

Multiple Choice

Ocean Corporation sells a product for $500 on account to Great Atlantic Sales.This transaction will be recorded in the ________.


A) cash payments journal
B) sales journal
C) cash receipts journal
D) purchase journal

Correct Answer:

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