A journal is like a diary; it shows a chronological listing of a business's activities.
Correct Answer:
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Q69: A chronological record of an entity's transactions
Q70: A payment to a creditor would increase
Q71: When posting transactions, debits must always equal
Q72: A journal is a chronological record of
Q73: The first step in the journalizing process
Q75: The purchase of office equipment for cash
Q76: Owner equity accounts include:
A)assets, liabilities and capital.
B)assets,
Q77: State whether the account should be
Q78: If the debit part of a journal
Q79: Explain the rules for debits and credits.
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