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Chapter 3 Homework Assignment i Saved Business Managernent MATC xx+ 1 points ebook Hint Print References Exerclse 3-5A (Static) Deblt/credit terminology LO 3-1 Required For
Chapter 3 Homework Assignment i Saved Business Managernent MATC xx+ 1 points ebook Hint Print References Exerclse 3-5A (Static) Deblt/credit terminology LO 3-1 Required For each of the following independent events, thentify the account that would be debited and the account that would be credited. The accounts for the first event are identified as an example. Event Account Debited a. Received cash by issuing common stock. b. Received cash for services to be performed in the future. c. Paid salaries payable. Common stock d. Provided services on account. e. Paid cash for operating expenses. f. Purchased supplies on account. g. Recognized revenue for services completed. Cash had been collected in Event b. h. Recognized accrued salaries expense. 1. Recognized
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