Ledger accounts are updated first,and then transactions are recorded in the journal.
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Q7: Decreases to owners' equity accounts are recorded
Q8: When making a general journal entry,there can
Q9: If the number of debit entries in
Q10: The left-hand side of an account is
Q11: A credit to a ledger account refers
Q13: The ledger is a chronological,day-by-day,record of business
Q14: Dividends are an expense to a corporation
Q15: Increases in owners' equity are recorded by
Q16: Earning revenue increases owners' equity and expenses
Q17: When recording a journal entry,asset accounts are
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