100%(2)2 out of 2 people found this document helpful
This preview shows page 1 - 2 out of 4 pages.
Marcela MerckUnit 7Section 2Assignment: Accounting for Sales and Cash Receipts(27 Points)Part 1 (9 points)Answer the following questions: 1.What is a cash receipt? How do businesses record the receipt of cash? 2.Explain how a purchase made with a store credit card is different from a purchase made with a bank credit card. 3.How are a bank credit card and a bank debit card similar? How are they different?