Find the Value of the Sum ​

question 94

Multiple Choice

Find the value of the sum ​

• A)8,784
• B)8,808
• C)5,675
• D)8,800
• E)2,622

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Definitions:

Control Account

An account used in the general ledger to summarize and keep track of transactions relating to a specific aspect of a company's finances, such as accounts receivable or payable.

General Ledger

A comprehensive record of all financial transactions within an organization, serving as the foundation for a company's financial statements.

Cash Payments Journal

A financial journal that records all cash outflows or payments made by a business, including expenses, debt payments, and purchases.

Credit To Cash

A transaction in accounting where a credit sale is paid off, converting receivables into cash.