Debit and credit rules in the form of a journal entry

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As required to complete Course Project 1, one must follow the cycle that includes 10 steps to complete the accounting cycle. (1) Explain how the debit/credit rules are used when developing journal entries (15 points) and (2) provide an example of the application of the debit/credit rules in the form of a journal entry.

Reference no: EM13749242

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