Question

Each of the account categories listed in E15- 1 is increased with either a debit or a credit. Indicate which is used to record an increase in each type of account, and state whether the normal account balance is a debit or a credit.
In E15- 1
For each of the following categories, compose a transaction that will cause that category to increase and one that will cause it to decrease:
1. Assets
2. Liabilities
3. Equity
4. Revenues
5. Expenses



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  • CreatedDecember 30, 2014
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