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Using the chart of accounts provided,indicate by account number the account or accounts that would be debited and credited in the following transactions and indicate the type of transaction as: (1)an external transaction, (2)an internal transaction recorded as an adjusting journal entry,or (3)a closing entry.The company uses a perpetual inventory system.All prepayments are initially recorded in permanent accounts.
-Declared cash dividends on common stock.
Subject
The part of a sentence that indicates what the sentence is about, usually performing the action or being in the state described by the predicate.
Appeal to Authority
A logical fallacy where an argument is made based on the authority of a person or entity, rather than on evidence or reasoning.
Harvard Professor of History
A faculty member specializing in history at Harvard University, which is often indicative of a high level of authority and expertise in the field.
Bridge
A structure constructed to span a physical obstacle, such as a body of water, valley, or road, without blocking the way underneath.
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