Transactions are recorded first in the ledger and then transferred to the journal.
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Q39: Credits always increase account balances.
Q40: If a company purchases equipment paying cash,
Q41: The financial statement that summarizes the changes
Q42: If an owner's capital account had a
Q43: The general journal is known as the
Q45: A journal entry that affects no more
Q46: At a given point in time, a
Q47: The journal is known as a book
Q48: A general journal gives a complete record
Q49: A company that finances a relatively large
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