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Describe the impact that technology has on an accounting system by completing the following sentence. Technology provides accuracy and in performing accounting apply On April
Describe the impact that technology has on an accounting system by completing the following sentence. Technology provides accuracy and in performing accounting apply On April 15, X-mart issued check no. 114 for $392 to ABC Co. to pay the amount owed for a purchase made earlier in the month. (The amount owed was $400, but a 2% discount was taken because of early payment.) Show how to journalize the transaction into the cash payments journal by selecting the correct actions below. (Check all that apply.) Date Ck. No. Payee Account Debited PR Cash Cr. Inventory Cr. Other Accounts Dr. Accounts Payable Dr. April 15 Multiple select question. The ABC Co. is entered into the Payee column. $400 is entered into the Other Accounts Dr. column. $400 is entered into the Accounts Payable Dr. column. $392 is entered into the Cash Cr. column. $8 is entered in the Inventory Cr. column. $392 is entered into the Accounts Payable Dr. column
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