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Business, 12.11.2019 05:31 liyah7771

You were surprised to note that approximately 95% of returned positive accounts receivable confirmations indicated that the customers thought that they owed a larger balance than the amount that had been printed by your client on the confirmation. this might be explained by the fact that: a. the cash receipts journal was closed before year-end. b. the cash receipts journal was held open after year-end. c. there are many unrecorded liabilities. d. the sales journal was held open after year-end.

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