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Use the fact situation in Q5 to answer the related question that follows. In the fact situation above,
Decrease Side
The side of an account that is used to record decreases in value, typically the left side for assets and expense accounts, and the right side for liability, equity, and revenue accounts.
Title
A legal term referring to a person's formal right or ownership of an object, real estate, or intellectual property.
Cash Payments
Outflows of cash by an entity, typically for expenses, goods purchased, or services rendered.
Credit
A financial term describing the ability to borrow money or access goods or services with the understanding that payment will be made in the future.
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