All owner's equity accounts record increases to the accounts with credits.
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Q36: Liabilities are debts owed by the business
Q37: A drawing account represents the amount of
Q38: Expenses result from using up assets or
Q39: The normal balance of the drawing account
Q40: For a month's transactions for a typical
Q42: The posting reference notation used in the
Q43: Journalizing is the process of entering amounts
Q44: Journalizing always eliminates fraudulent activity.
Q45: Journalizing transactions using the double-entry bookkeeping system
Q46: The process of recording a transaction in
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