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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This note was uploaded on 09/28/2011 for the course ACC 111 taught by Professor Caprio during the Summer '11 term at Mercer County Community College.

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