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Which of the following is true of a journal entry that is prepared with two credits and one debit? The amount of the credits will

Which of the following is true of a journal entry that is prepared with two credits and one debit?

The amount of the credits will be greater than the amount of the debits.

The entry will not balance.

The financial statements will be incorrect.

There will likely be no error, as compound entries are permissible.

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