For each of the following transactions, state whether Cash in Bank is debited, credited, or not changed:
Question:
For each of the following transactions, state whether Cash in Bank is debited, credited, or not changed:
(a) The business paid cash for a desk;
(b) The business bought a computer on account;
(c) A customer paid an outstanding invoice.
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SOLUTION a The business paid cash for a desk cash is credited ...View the full answer
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