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In the columns to the right of the transaction description, enter the letters of the appropriate accounts to be debited and credited. a. Cash b.
In the columns to the right of the transaction description, enter the letters of the appropriate accounts to be debited and credited. a. Cash b. Assets other than cash c. Liabilities d. Common stock e. Dividends f. Retained earnings g. Revenues h. Expenses DEBIT CREDIT 1. A sale is made on credit. 2. A desk is purchased on credit. 3. Cash is collected from the sale in transaction 4. Two months' rent is paid in advance. 5.Cash is paid for the desk acquired in transaction
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