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9. Answer the following statements as True or False and then select the correct corresponding multiple choice answer.
_____ Only events that can be measured in a monetary unit will be reflected in the journal entries.
_____ Every transaction affects both the income statement and the balance sheet.
_____ The journal entry to record cash collected from a customer in advance would include a credit to a liability account.
A. True, True, True
B. True, True, False
C. True, False, True
D. False, True, True
E. False, False, False
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