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Any suggestions / help sequencing accounts in the simulation problems? for example, FAR sim 58 requests you to amortize a bond. However, I lost a bunch of points for having bonds payable and premium for bonds payable in reverse order (Both credits). Is it as easy as the highest amt goes first?
DR Cash
CR Premium on BP (Considered incorrect although correctly a CR and amount was correct)
CR Bonds Payable (Considered incorrect although correctly a CR and amount was correct)Further, Sim 64, loan 2 was the one where the response has the Credit First, then the debit below it…. ?!?!?!? mind blown.
Thx in advance!!!
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