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(Solved): A Trial Balance shows:a. The extraction of the income statement for a business. b. The assets, liab ...



A Trial Balance shows:
a. The extraction of the income statement for a business.
b. The assets, liabilities, and owner's equity of a business.
c. All the accounts and their balances at a certain date.
d. The financial position of a business.

The sales journal is
a. Used only to record sales on credit.
b. Used to record all sales.
c. Used only to record cash sales.
d. None of the above.

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10. A Trial Balance shows a. The extraction of the income statement for a business. b. The assets, liabilities, and owner's equity of a business. c. All the accounts and their balances at a certain date. d. The financial position of a business. 11. The sales journal is a. Used only to record sales on credit. b. Used to record all sales. c. Used only to record cash sales. d. None of the above.


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