Credit A.P.I.C. for $40,000 is true about the journal entry to record the issuance.
What is journal ?
- A journal refers to a scientific publication that contains articles written by researchers, professors, and other professionals.
- A journal focuses on a particular field or area of research.
- Unlike newspapers and magazines, journals are aimed at an academic or technical audience rather than the general readership.
- Personal records of events, experiences, and reflections kept regularly. diary.
- A journal is used to collect your ideas and observations on number of things and put the happenings of each day into writing.
- In this way, someone is able to better remember what they did, what they thought, and what was happening when they were younger.
- A journal is a record of raw business transactions recorded in chronological order by date.
- The first place where transactions are recorded.
- The amounts are then posted to the appropriate accounts, such as customer cash accounts, or asset accounts., cash accounts, or asset accounts.
To learn more about journal from the given link :
https://brainly.com/question/27159868
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