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Balances from the t accounts will autofill your trial balance. If total debits do not equal total credits in the trial balance, you know you
Balances from the t accounts will autofill your trial balance. If total debits do not equal total credits in the trial balance, you know you have an error. These are the balances that will be used to prepare the financial statements. Be sure to implement feedback provided by your instructor for this Milestone One submission! This chart of accounts should help you identify the appropriate accounts to record to as you are analyzing and journaling transactions for this workbook. There is nothing to complete on this page; this is simply a resource for you. Journal Entry Tips The debited account is recorded first, credited account recorded second. Debits and credits must always equal! There can be compound entries in which two accounts receive a debt to an equivalent credited amo Be sure to use your chart of accounts (the first page of this workbook). Each account you will record to is already listed and organized by classification of the account. \begin{tabular}{r|l} \multicolumn{2}{c}{ Assets } \\ & - \\ Left & Right \\ Debit & Credit \end{tabular} Drawing Balances from the t accounts will autofill your trial balance. If total debits do not equal total credits in the trial balance, you know you have an error. These are the balances that will be used to prepare the financial statements. Be sure to implement feedback provided by your instructor for this Milestone One submission! This chart of accounts should help you identify the appropriate accounts to record to as you are analyzing and journaling transactions for this workbook. There is nothing to complete on this page; this is simply a resource for you. Journal Entry Tips The debited account is recorded first, credited account recorded second. Debits and credits must always equal! There can be compound entries in which two accounts receive a debt to an equivalent credited amo Be sure to use your chart of accounts (the first page of this workbook). Each account you will record to is already listed and organized by classification of the account. \begin{tabular}{r|l} \multicolumn{2}{c}{ Assets } \\ & - \\ Left & Right \\ Debit & Credit \end{tabular} Drawing
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