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James Scott, the owner of the business, has officially sent a PO to Office Depot,...

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Accounting

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James Scott, the owner of the business, has officially sent a PO to Office Depot, requesting to purchase (10) office chairs with lumbar support. Which of the following is correct as it relates to this transaction? Choose this is a non-posting transaction and hence it is not recorded in QB this is a non-positing transaction and hence it will not appear on the journal this is a non-posting transaction and hence there is no accounting behind the scenes both (ii) and (iii) above are correct both (i) and (iii) above are correct As the owner of the business, you decide to use your personal office desk valued * at $1,500, as part of your investment. Which of the following would you use to record this transaction in your company file? Purchase order General journal entry Write check Record deposit Pay bills Enter bills

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