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just the answer please. Question 21 What statement is true regarding the receipt of an EFT (or electronic) payment by a customer? The journal entry
just the answer please. Question 21 What statement is true regarding the receipt of an EFT (or electronic) payment by a customer? The journal entry will involve a debit to Cash and credit to Accounts Payable. Companies should not accept electronic payments from customers. A journal entry can be made at the time of deposit or when the bank reconciliation is prepared. Does not require a journal entry. Question 22 Select the appropriate classification for Accounts Payable. Asset Liability Stockholder's Equity Revenue Expense Question 23 Select the appropriate classification for Accounts Receivable. Asset Liability Stockholder's Equity O Revenue O Expense Question 24 Select the appropriate classification for Cash. O Asset O Liability Stockholder's Equity Revenue Expense Question 25 Select the appropriate classification for Equipment. O Asset Liability O Stockholder's Equity Revenue O Expense Question 26 Select the appropriate classification for Income Tax Expense. O Asset Liability Stockholder's Equity Revenue O Expense Question 27 Select the appropriate classification for Inventory. Asset O Liability Stockholder's Equity Revenue Expense Question 28 Select the appropriate classification for Note Receivable. Asset Liability Stockholder's Equity Revenue Expense Question 29 Select the appropriate classification for Prepaid Rent. Asset Liability Stockholder's Equity Revenue Expense Question 30 Select the appropriate classification for Rent Expense. Asset O Liability Stockholder's Equity Revenue Expense
just the answer please.
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