An increase in the Dividends account will result in an increase in the Retained Earnings account.
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Q1: The normal balance of a liability account
Q10: Collection of an account receivable will increase
Q11: Analyze the effects of transactions on the
Q15: Prepaid expenses are recorded as liabilities.
Q16: Economic events that require recording in the
Q17: Journalize transactions.
Q18: Define debits and credits and explain how
Q19: If total assets are increased, there must
Q20: Post transactions.
Q21: The normal balance of the Dividends account
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