To transfer funds to and from credit card accounts using the transfer funds journal,choose -

Question

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The transfer funds journal is used to transfer funds between accounts, so the accounts involved should be credit card receivable and credit card payable, or bank accounts. Choosing the credit card bank class (option A) or the general credit card class (option B) is not necessary and may not accurately reflect the accounts involved in the transfer. Option D is also not necessary as only option C is the best choice.

To Transfer Funds to and from Credit Card Accounts Using