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Question : 92) Define and discuss a calendar year, accounting period, and

92) Define and discuss a calendar year, accounting period, and fiscal year.

93) Provide an explanation for the following journal entries:

(a) Prepaid Rent debited, Cash credited

(b) Office supplies debited, Accounts Payable credited

(c) Cash debited, Capital credited

(d) Withdrawals debited, Cash credited

(e) Accounts Payable debited, Cash credited

94) Complete the following entries by using a "debit" or "credit".

Received payment from a customer. Cash would have a: _______________

Owner makes an investment of equipment. Capital would have a:_______________

Paid rent in advance. Prepaid Rent would have a:_______________

Billed a customer for services rendered. Revenue would have a:_______________

Paid an advertising bill received last month. Cash would have a: _______________

Owner withdrew cash. Withdrawals would have a: _______________

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