The account to be credited is entered first in a journal entry.
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Q17: Each transaction must be analyzed in terms
Q20: Source documents can provide evidence that a
Q28: The journal is a chronological record of
Q33: The retained earnings on the trial balance
Q34: The first step in the recording process
Q39: If total assets are increased, there must
Q40: A general ledger should be arranged in
Q41: A paid dividend
A)decreases assets and shareholders' equity.
B)increases
Q42: The payment of an account payable
A)decreases total
Q43: Accounting systems should record
A)all economic events.
B)events that
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