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Financial Accounting, 1e Chapter 7: Cash and Receivables Test Item File 7.01Credit sales are the most desirable form of sales. Answer: False LO: 70 Difficulty: 1 EOC Ref: Introduction AAC SB: Analytic

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How to fill out chapter 7 cash and

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To fill out chapter 7 cash, follow these steps:

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- Begin by entering the date of the transaction.

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- Identify the source of the cash, whether it's from sales, deposits, or loans.

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- Specify the amount of cash received or deposited.

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- If applicable, indicate any cash paid out or withdrawn.

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- Provide a brief description or reason for the cash transaction.

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- Finally, calculate the new cash balance after the transaction.

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Repeat these steps for each cash transaction to accurately fill out chapter 7 cash.

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