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QUESTION 15 The trial balance: A is used to check the equality of debits and credits B. provides a listing of the existing balance in

QUESTION 15 The trial balance: A is used to check the equality of debits and credits B. provides a listing of the existing balance in each ledger account C. is not a formal financial statement D. All of these E. None of these QUESTION 16 The transactions in the journal and the accounts in the ledger are linked together by a transfer process called journalizing. True False

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