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Assume a company only entered into financing and investing activities and has prepared its journal entries and posted them to T-accounts. How would the related
Assume a company only entered into financing and investing activities and has prepared its journal entries and posted them to T-accounts. How would the related account balances be listed on its trial balance?
Multiple Choice
a. Credits first, followed by debits
b Debits first, followed by credits
c Alphabetically
d n descending order by dollar amount
Typical cash flows from investing activities include:
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payments to purchase property and equipment.
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repayment of loans.
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proceeds from issuing notes payable.
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receipts from cash sales.
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