rue or False. All payments by cheque are recorded in the cash payments journal. Any  GST/HST paid on cash purchases are recorded in this journal as wel

All cash payments are recorded in:   Sales Journal Cash Payments Journal Cash Receipts Journal General Journal

Whether a customer uses cash, a check, or a debit card to make a purchase, the company records the transaction as a cash sale. True or False

Transactions involved in the purchases and cash disbursements cycle include: A Debit inventory, credit cash B Debit inventory, credit accounts payable C Debit accounts payable, credit cash D All of these

Calculate the cash discount and the net amount due the transaction (in $). Amount ofInvoice Terms ofSale CashDiscount NetAmount Due $15,660.00 2/10, n/45 $ $

A(n) electronic _____ is the electronic exchange of money or scrip. a. cash transfer b. array c. payment d. exchange