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A(n) ____________________ is an economic event that has a direct impact on the
business.
To debit an account is to enter an amount on the left side of the account.
The date by which federal income tax withholding, Social Security, and Medicare taxes
must be paid depends on the amount of these taxes.
____________________ accounts do not accumulate information across accounting
periods but are closed.
When debits equal credits for a transaction, the accounting equation is in balance.
Workers' compensation provides insurance for employees who suffer a job-related
illness or injury.
