Indicate whether the following accounts generally will have (a) Debit entries only, (b) Credit entries only, or
Question:
(a) Debit entries only,
(b) Credit entries only, or
(c) Both debit and credit entries.
(1) Cash.
(2) Accounts Receivable.
(3) Owner’s Drawing.
(4) Accounts Payable.
(5) Salaries Expense.
(6) Service Revenue.
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1 Cash x both debit and credit entries 2 Accounts Rec...View the full answer
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Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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