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Emphasis Heading 2 Heading 3 LO3. How do you record transactions? a) In your own words, define the following terms: a. Source documents b. Journal

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Emphasis Heading 2 Heading 3 LO3. How do you record transactions? a) In your own words, define the following terms: a. Source documents b. Journal c. Posting b) What are the steps for journalizing and posting? LO4. What is the trial balance? a) In your own words, what is a trial balance? LO5. Use the debt ratio to evaluate business performance Write the formula for the debt ratio. a) b) What does the debt ratio show

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