For each of the business transactions listed below, you are to enter in the Workbook: a the

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For each of the business transactions listed below, you are to enter in the Workbook:

a the account name, with the debit account first b whether the account entry is a debit or credit c the chart of account group name; that is, CA, NCA, CL, NCL, OE, R, E d whether the entry is an increase or decrease to the account balance.

Where appropriate, assume the perpetual inventory system is used.

The business transactions are listed below.

– Remitted wages

– Purchased inventory on credit

– Sale of inventory on credit

– Received remittance from customer for inventory sold earlier in the month

– Purchased office equipment with debit card

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