A transaction that is recorded in the journal is called a journal entry.
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Q48: Transactions are initially entered into a record
Q49: Journal entries can have more than two
Q50: The posting reference notation used in the
Q51: Assets are increased with debits and decreased
Q52: Transactions are listed in the journal chronologically.
Q54: Normal account balances are on the increase
Q55: The process of transferring data from the
Q56: Debits will increase unearned revenues and revenues.
Q57: The increase side of an account is
Q58: The double-entry accounting system records each transaction
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