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Indicate whether each of the following statements is true or false. ________ a) Every journal entry includes at least one debit and one credit. ________

Indicate whether each of the following statements is true or false.

________ a) Every journal entry includes at least one debit and one credit.

________ b) The double-entry accounting format always records two separate events simultaneously.

________ c) The double-entry system requires that total debits equal total credits.

________ d) When an asset decreases in a double-entry system, a stockholders' equity account may also decrease.

________ e) The double entry system ensures the accuracy of a company's accounting records.

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