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2/26/2018Weekly Quiz 71/6Home/My Courses/ACCT701-STACKED-30319-SPRING2018/Module 7/Weekly Quiz 7Started onMonday, February 26, 2018, 10:30 AMStateFinishedCompleted onMonday, February 26, 2018, 10:35 AMTime taken4 mins 46 secsMarks10.00/10.00Grade15.00out of 15.00 (100%)Question 1CorrectMark 1.00 out of 1.00(T / F) Credits are entries on the left side of a T-account.Select one:TrueFalse Correct. Credits are entries on the right side of a T-account.The correct answer is 'False'.
2/26/2018Weekly Quiz 72/6Question 2CorrectMark 1.00 out of 1.00(T / F) Credits decrease liability, stockholders' equity, and revenue accounts.Select one:TrueFalse Correct. Credits increase liability, stockholders' equity, and revenue accounts.The correct answer is 'False'.Question 3CorrectMark 1.00 out of 1.00(T / F) A journal contains a chronological record of the transactions of a business. "Journalizing" isthe process of entering a transaction in a journal.