Financial Accounting: Information for Decisions
Financial Accounting: Information for Decisions
8th Edition
ISBN: 9781259533006
Author: John J Wild
Publisher: McGraw-Hill Education
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Chapter 2, Problem 5E
Summary Introduction

Concept introduction:

A transaction is recorded using a journal entry format. A journal entry records at least two accounts. At least one account is debited and at least one account is credited. The sum of credit and debit side of a journal should always be the same.

To indicate: The items included in the entry to record the given transaction.

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Financial Accounting: Information for Decisions

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