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Q/1. Using a current or prior place of work as an example business, discuss a typical business transaction and how to record it with a

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Q/1. Using a current or prior place of work as an example business, discuss a typical business transaction and how to record it with a journal entry. Please address the following points: 1. Describe the transaction. 2. What account should be DEBITED, and for how much money? 3. What account should be CREDITED, and for how much money? Be specific and provide detail. If you are unfamiliar with real life examples, you are free to use a hypothetical business that operates in an industry that interests you

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