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True or False
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1
Use the transaction register for entering ATMs and checks for expenses.
A)True
B)False
2
Memos include vendor payments, remittances, and customer payments.
A)True
B)False
3
Use sales invoices for purchasing inventory
A)True
B)False
4
Cash sales are shown on sales receipts.
A)True
B)False
5
In Chapter 9, the credit card company sends verification of credit card receipts.
A)True
B)False
6
Each credit card receipt is from the same credit card company.
A)True
B)False
7
Deposit customer payments into Account 101 Checking.
A)True
B)False
8
When a check is issued, Account 201 Accounts Payable is credited.
A)True
B)False
9
Vendor bills are due within 60 days.
A)True
B)False
10
To verify the accounts receivable balance, display one of the inventory reports.
A)True
B)False





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