Chapter 3 - p.81 Debit always before credit General journal...

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Chapter 3 p.74 Test question Assets = liabilities + owners’ equity Cash +50000 + 50000 Cash +25000 +25000 Inve +14000 +14000 Cash -15000 Equip +15000 P. 76 Left side is always debit Right side is always credit Assets = left side is always + right side is always –
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Unformatted text preview: p.81 Debit always before credit General journal receivable items first (debits) then others (credit) p.89 Increase in revenues increase in owners equity Increase in expenses decrease in owners equity p.92 journal entries - ledger...
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