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Automatic fixed monthly payments such as auto lease, insurance premiums and mortgage - A ) Should be recorded as cash payments because they involve withdrawals
Automatic fixed monthly payments such as auto lease, insurance premiums and mortgage
A Should be recorded as cash payments because they involve withdrawals from the bank
B Can be recorded in the account reconciliation journal or in the general journal
C Must be recorded with a normal general journal entry
D Should be recorded in the adjustment journal
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