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Which 3 statements are true about journal entries? (Quick Books) (Select all that apply)

1.Total debits must equal total credits

2.You can post to Products and Services in a journal entry

3.When posting to the accounts receivable account, you must specify a vendor

4.When posting to the accounts receivable account, you must specify a customer

5.You can post to multiple accounts receivable and/or accounts payable accounts in the same journal entry

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Which 3 statements are true about journal entries? (Quick Books) (Select all that apply)

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