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In the Excel, or spreadsheet, approach to recording financial transactions, which of the following is true? I. Any transactions involving sales or expenses will be

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In the Excel, or spreadsheet, approach to recording financial transactions, which of the following is true? I. Any transactions involving sales or expenses will be recorded in the Net Income column of the balance sheet. Il. The revenues and expenses on the income statement can be determined by summing each column. Multiple Choice O Only statement I is true. O Only statement II is true. O Both statements are true. O Neither of the statements are true

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