Fill in the blanks below with the word debit or credit. a. The balance of an asset
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Fill in the blanks below with the word “debit” or “credit.”
a. The balance of an asset account increases with a __________ and decreases with a __________.
b. The balance of a liability account increases with a __________and decreases with a __________.
c. The balance of a stockholders’ equity account increases with a __________and decreases with a __________.
d. The balance of a revenue account increases with a __________and decreases with a__________ .
e. The balance of an expense account increases with a __________ and decreases with a __________.
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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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