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Eight Transactions Are Recorded in the Following T Accounts

question 61

Essay

Eight transactions are recorded in the following T accounts: Eight transactions are recorded in the following T accounts:   Indicate for each debit and each credit:  a. whether an asset, liability, capital, drawings, revenue, or expense account was affected and b. whether the account was increased (+) or decreased (-). Answers should be presented in the following chart form:   Indicate for each debit and each credit:
a. whether an asset, liability, capital, drawings, revenue, or expense account was affected and
b. whether the account was increased (+) or decreased (-).
Answers should be presented in the following chart form:
Eight transactions are recorded in the following T accounts:   Indicate for each debit and each credit:  a. whether an asset, liability, capital, drawings, revenue, or expense account was affected and b. whether the account was increased (+) or decreased (-). Answers should be presented in the following chart form:


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