Question: Serrato Computer Components Inc. uses a multi-column cash receipts journal. Indicate which column(s) is/are posted only in total, only daily, or both in total and

Serrato Computer Components Inc. uses a multi-column cash receipts journal.

Indicate which column(s) is/are posted only in total, only daily, or both in total and daily.

(a) Accounts Receivable.

(b) Sales Discounts.

(c) Cash.

(d) Other Accounts.


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