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Debit to cash an increase to cash and credit to capital an increase to capital the fundamental accounting equation is the following. Deborah connors, with assistance from meredeth clark and steve zimmerman, c. Next, add your business info to save time later, addimport information youll use often. Account name balance close to 4897 federal grant reimbursement credit 3297 4898 38c reimbursements from other systems credit 3296 4899 received from commonwealth for cola and survivor benefits credit 3296 4900 member payments from rollovers credit 3293 disbursements. How to pay off your mortgage fast using velocity banking how to pay off your mortgage in 57 years duration.
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