When the amount for a debit entry in a journal is transferred to a specific account in the general ledger, it must be recorded
a. as a debit to that account in the general ledger.
b. as a credit to that account in the general ledger.
c. in sum only, without any regard for debit or credit, since the general ledger accounts do not have spaces for debit and credit entries.
d. cannot be determined without further information.
a
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A. An incorporation tax B. A corporate franchise tax C. An excise tax D. A use tax
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Answer the following statement true (T) or false (F)