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When the totals of the sales journal are posted at the end of the month, there will be credits to a. Sales and Merchandise Inventory
When the totals of the sales journal are posted at the end of the month, there will be credits to
a. Sales and Merchandise Inventory and debits to Accounts Receivable and Cost of Goods Sold.
b. Accounts Receivable and Cost of Goods Sold and debits to Sales and Merchandise Inventory.
c. Sales and debits to each individual customer account.
d. the Sales account only, and no debits.
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