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QUESTION 18 The Cash Receipts Journal is used to record incoming cash for merchandise related transactions only. O True O False QUESTION 19 The General

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QUESTION 18 The Cash Receipts Journal is used to record incoming cash for merchandise related transactions only. O True O False QUESTION 19 The General Ledger Accounts Receivable and Accounts Payable accounts are contolling accounts. True O False QUESTION 20 In posting from the columnar (special) journals, the columnar totals are posted to the subsidiary ledgers. True O False

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