Business, 07.03.2020 02:15 victoriapellam04

Identify the cycle to which each of the following general ledger accounts will ordinarily be assigned: sales, accounts payable, retained earnings, accounts receivable, inventory, and repairs and maintenance. Pick the cycle that goes along with the account: Sales and collection, Acquisition and payment, Capital acquisition and repayment, Inventory and warehousing.
Account Cycle
Sales
Accounts payable
Retained earnings
Accounts receivable
Inventory
Repairs and maintenance

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Identify the cycle to which each of the following general ledger accounts will ordinarily be assigne...

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