Indicate for each debit and each credit: (a) whether an asset, liability, equity, revenue, or expense account was affected and (b) whether the account was increased (+) or (-) decreased. Answers should be presented in the following chart form:
Correct Answer:
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Q145: The chart of accounts is a
A) list
Q181: 191 Q182: Journalize the following business transactions in general Q183: Selected transactions for Sweet Home, a property Q184: The chart of accounts used by Ming Q186: Prepare a corrected trial balance for Luzon Q187: Identify the accounts to be debited and Q188: Prepare journal entries for each of the Q189: For each of the following accounts indicate Q190: Glynn Company is a newly organized business.
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