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A subsidiary ledger is a group of accounts that provides supporting details on individual balances, the total of which appears in a general ledger account.True

  1. A subsidiary ledger is a group of accounts that provides supporting details on individual balances, the total of which appears in a general ledger account.True or False?
  2. If special journals are used, the purchase of merchandise for cash would be recorded in the cash payments journal. True or False?
  3. The account that is credited for every transaction entered in the purchases journal is:

A)accounts receivable.B)cash.C)accounts payable. D)sales discounts.

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