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3. Are the following events recorded in the accounting records? Explain your answer in each case. (a) A major stockholder of the company dies. (b)

3. Are the following events recorded in the accounting records? Explain your answer in each case.

(a) A major stockholder of the company dies.

(b) Supplies are purchased on account.

(d) The company pays a cash dividend to its stock-

holders.

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