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Jul. 1 7 13 19 21 25 27 29 1900 1900 1000 - - - J1 J1 J1 J2 J2 J2 J3 J3 Dr Dr Dr Dr Dr Dr Cr Dr 500 275 50 75 100 - - - - - 1900 3800 3300 3025 2975 2900 3900 3800 - - - - - - - - DATE PARTICULARS P.R. DEBIT CREDIT Dr/Cr BALANCE 20- Jan. 29 - Dr 3800 -Forwarded DATE PARTICULARS P.R. DEBIT CREDIT Dr/Cr.

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11. An accounting entry that does balance is probably correct, but not necessarily. 12. The double-entry system of accounting got its name because every transaction is recorded in the accounts in two steps. It is recorded fi rst as a debit (or debits) and second as a credit (or.

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Name Date SECTION 8.1 REVIEW QUESTIONS (continued) 15. 16. 17. 18. 19. 20. 21. 22. SECTION 8.1 EXERCISES(page 276) Exercise 1, p. 276 Supplies Unadjusted Balance.

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Accounting seventh edition name date chapter the simple ledger section review questions (page 90) an account is record that documents each change to items in. Skip to document.. the debit and the credit ($100 - $10). The debit and credit amounts are equal so the trial balance would balance. Answers will vary. The debit balance could still.

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Why It Matters; 3.1 Describe Principles, Assumptions, and Concepts of Accounting and Their Relationship to Financial Statements; 3.2 Define and Describe the Expanded Accounting Equation and Its Relationship to Analyzing Transactions; 3.3 Define and Describe the Initial Steps in the Accounting Cycle; 3.4 Analyze Business Transactions Using the Accounting Equation and Show the Impact of Business.

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Source documents are used by the accounting department as the primary source of information for accounting entries. A transaction that would not have a conventional source document would be a withdrawal of money, by the owner, from the business for personal use. The employees outside of the accounting department who made the transactions may need

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