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Author Question: Which of the following accounts is increased with a debit entry? A) Accounts receivable B) ... (Read 298 times)

fbq8i

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on: Jul 5, 2018
Which of the following accounts is increased with a debit entry?
 
  A) Accounts receivable
  B) Accounts payable
  C) Revenues
  D) Common stock

Question 2

Revenues and expenses are temporary accounts and are closed at the end of the accounting period.
 a. True
   b. False
   Indicate whether the statement is true or false


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cegalasso

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Reply #1 on: Jul 5, 2018
Answer to Question 1

A

Answer to Question 2

True


fbq8i

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Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

elyse44

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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