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need. help with the second one! Review the transactions and determine the accounts, the account types (use assets, liabilities, equity, dividends, revenue, and expenses), if
need. help with the second one!
Review the transactions and determine the accounts, the account types (use assets, liabilities, equity, dividends, revenue, and expenses), if they increase/decrease and if they are DR/CR. Check your spelling carefully and do not abbreviate. Refer to the Chart of Accounts for account titles. Paid in advance for a one year insurance policy. Account Name Account Type Increase/Decrease Debit/Credit prepaid insurance assets Increase Debit cash assets Decrease Credit Declared and paid cash dividend. Account Name Account Type Increase/Decrease Debit/CreditStep by Step Solution
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