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Select the account that will be Debited and the account that will be Credited for each of the following business transactions: Transaction Dr cr Owner
Select the account that will be Debited and the account that will be Credited for each of the following business transactions: Transaction Dr cr Owner withdraws cash Drawings Cash from business Business performs a service on account Business buys inventory for cash Business pays salaries Business enters interest earned identified on bank reconciliation Cash Accounts Receivable Prepaid Insurance Accounts Payable Capital Introduced Service Revenue Inventory Salary Expense Interest Expense Next page
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