Which of the following statements is true? A. Bonds Payable would be listed first in the liability

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Which of the following statements is true?

A. Bonds Payable would be listed first in the liability section of the chart of accounts.

B. A contra-asset account would be credited to decrease the balance.

C. Journalize means to enter a transaction in the general ledger.

D. An accounting cycle is normally one year.

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