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    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 2: The Basics of Record Keeping and Financial Statement Preparation: Balance Sheet
  5. Question
    Journal Entries
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Journal Entries

Question 2

Question 2

Multiple Choice

Journal entries


A) show all the accounts affected by a single event or transaction.
B) provide a record of transactions.
C) have the characteristics presented in choices a and b.
D) summarize the effects of transactions on specific accounts.
E) none of the above

Correct Answer:

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