When recording a journal entry,asset accounts are shown first,followed by liabilities,and finally owners' equity accounts.
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Q12: Ledger accounts are updated first,and then transactions
Q13: The ledger is a chronological,day-by-day,record of business
Q14: Dividends are an expense to a corporation
Q15: Increases in owners' equity are recorded by
Q16: Earning revenue increases owners' equity and expenses
Q18: The credit side of an account is
Q19: Every transaction affects equal numbers of ledger
Q20: Every business transaction is recorded by a
Q21: Which of the following is not true
Q22: "I was just following orders" is an
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