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1. The Drawing Account is a temporary account. True/False 2. If the liabilities bu a business total $300,000 and owner's equity is equal to $300,000,
1. The Drawing Account is a temporary account. True/False
2. If the liabilities bu a business total $300,000 and owner's equity is equal to $300,000, then assets also total $300,000. True/False
3. Service companies are companies that primarily generate their revenue by making their product. True/False
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