After recording each transaction,total assets must equal total liabilities plus stockholders' equity.
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Q1: Paying employees' salaries for the current month
Q2: The two components of stockholders' equity are
Q3: Purchasing supplies on account increases the balance
Q4: Borrowing cash from the bank causes assets
Q6: Internal transactions are events that affect the
Q8: External transactions are transactions the firm conducts
Q9: If a transaction causes total assets of
Q10: Purchasing office supplies on account causes assets
Q11: Amounts owed from customers are recorded in
Q59: Revenues have the effect of increasing retained
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