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The bookkeeper for Dr. Mark Scholz, DVM, informed the veterinarian that the business' revenue for the day was $18,920. Which statement below best describes how
The bookkeeper for Dr. Mark Scholz, DVM, informed the veterinarian that the business' revenue for the day was $18,920.
Which statement below best describes how the bookkeeper would record this?
- $18,920 would be recorded on the credit side of the revenue account.
- $18,920 would be recorded on the debit side of the purchases account.
- $18,920 would be recorded on the credit side of the cash account.
- $18,920 would be recorded on the debitside of the owner's equity account.
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Core Concepts Of Accounting Information Systems
Authors: Mark G. Simkin, Carolyn A. Strand Norman, Scott Paquette
1st Canadian Edition
