Homework Week 2 - FINAL.pdf - Home My Courses...

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/Home/My Courses/ ACCT701-33985-FALL2019/ Module 2/ Homework Week 2Question CorrectMark 2.50 outof 2.50Select one or more:1Question CorrectMark 2.50 outof 2.502Question CorrectMark 2.50 outof 2.503Question CorrectMark 2.50 outof 2.504Started onMonday, November 4, 2019, 6:20 PMStateFinishedCompleted onMonday, November 4, 2019, 6:30 PMTime taken10 mins 6 secsMarks50.00/50.00Grade10.00out of 10.00 (100%)In applying the rules of debits and credits, which of the following statements is correct?Select one or more:a. Liability, revenue, and common stock accounts are debited for increasesb. The word debit means to increase and the word credit means to decreasec. Asset, expense, and dividends are debited for increases d. Asset, expense, and common stock accounts are debited for increases
What is the order to prepare for the ±nancial statements
Matching steps in the accounting cycle to their de±nitions.AnalyzeAnalyze transactions from source documentsRecordJournalize transactions and prepare unadjusted trial balanceAdjustJournalize adjusting entries and prepare adjusted trial balanceReportPrepare ±nancial statementsCloseJournalize closing entries and prepare post-closing trial balance

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