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When recording transactions into the accounting equation, which of the following statements are correct? (Check all that apply.) Cash must always equal Owner's Equity. After
When recording transactions into the accounting equation, which of the following statements are correct? (Check all that apply.)
Cash must always equal Owner's Equity.
After recording the transaction, total assets will always equal total liabilities plus owner's equity.
Expenses are listed on the right side of the accounting equation and will increase the owner's equity account.
The accounting equation must always remain in balance.
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