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1. When a journal entry is made, what must be equal? Why?
2. Can accounting transactions be directly recorded in the general ledger? If so, why do most companies initially record transactions in the journal?
3. Why is the term double-entry an appropriate expression for describing an accounting system?
4. What are the initial steps in the accounting cycle and what happens in each step?
5. What kinds of errors will a trial balance detect? What kinds of errors will not be detectable by a trial balance?
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The sernantics of expressions are as in C. That is. b: =c is an expression that assigns the value of c to b; the r-value of this expression is the same as that of c. Furthermore. a: = (b: =0) assigns the value of c to b and then to a.
1. Kathy Snow wishes to purchase shares of countdown computing, Inc. The company's board of directors has declared a cash dividend of $0.72 to be paid holders of record on Wednesday, Sep. 21.a. What day does this stock begin trading ex dividend?b. Wh..
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