QUESTION 4 In the Sales and Cash Receipt Transaction cycles, what accounts are affected in the Balance Sheet? O Sales, Sales Returns Inventory, Accounts Payable O Cash, Accounts Receivable O Payroll Tax Expense, Freight - In QUESTION 5 In the Purchases and Cash Disbursements Transaction cycles, what accounts are affected in the Income Statement? O Inventory, Prepaid Rent O Bad Debt Expense, Sales Returns O Dividends paid, treasury stock O Purchases, rent expense QUESTION 6 Which of the following transactions would NOT be recorded in the Accounts Receivable journal? O Cash sale Charge sale O Credit memo allowance for defective merchandise Sales Return