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Knowledge Check 01 Match each item with the action that will be taken with regards...

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Accounting

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Knowledge Check 01 Match each item with the action that will be taken with regards to the related liability account 1. Purchase office supplies on credit 2. Issue a note due in sixty days 3. Adjustment for interest incurred but not paid 4. Paid salaries and wages that were accrued during the prior accounting period Credit the related liability account Debit the related liability account

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