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t/f 2) Accounts payable are amounts owed to suppliers for products or services purchased on credit. 3) The six maior stens of the acco 6)

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2) Accounts payable are amounts owed to suppliers for products or services purchased on credit. 3) The six maior stens of the acco 6) The trial balance is used to prepare financial statements 7) Employers must keep individual earnings records for each employee 9) At least two accounts are affected by every transaction 10) The balance sheet reports assets, liabilities and owner's equity on a Specific date T T

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