A general journal entry usually includes information about the date of a transaction, titles of affected accounts, dollar amount of each debit and credit and an explanation of the transaction.
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Q54: The accounting cycle begins with
A) preparing financial
Q55: Since all figures are eventually posted to
Q56: A place or location within an accounting
Q57: If an account was incorrectly debited for
Q58: An account balance is
A) the total of
Q60: What are prepaid expenses?
A) Payments made for
Q61: A credit entry
A) increases asset and expense
Q62: On June 30, the Cash account of
Q63: A column in journals and accounts used
Q64: A liability created by the receipt of
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