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Can someone please explain to me the steps in journalizing events in accounting and then turning...

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Accounting

Can someone please explain to me the steps in journalizingevents in accounting and then turning them into income statements.Like which assets and liabilities are credits and which aredebits?

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For each event there is double entry one is credited and other is credited Any event journalized should satisfy the following equation Assets Liabilities Equity When assets or expenses    See Answer
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