Below is a list of common accounts. Required: Indicate whether the normal balance of each account is
Question:
Below is a list of common accounts.
Required:
Indicate whether the normal balance of each account is a debit or acredit.
Transcribed Image Text:
Accounts Cash Service Revenue Salaries Expense Accounts Payable Equipment Retained Earnings Utilities Expense Accounts Receivable Dividends Common Stock Debit or Credit 10
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Debit or Credit Account 1 Debit Cash 2 Credit Serv...View the full answer
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Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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