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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)
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The amount received is recorded with a credit
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The amount received is recorded with a debit
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The amount given is recorded with a debit
- The amount given is recorded with a credit
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