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Which of the following two are correct when double-entry accounting journal entries are used to record what is exchanged in a transaction? (Check all that

Which of the following two are correct when double-entry accounting journal entries are used to record what is exchanged in a transaction? (Check all that apply)

  • The amount received is recorded with a credit

  • The amount received is recorded with a debit

  • The amount given is recorded with a debit

  • The amount given is recorded with a credit

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