For each of the following accounts indicate the effects of (a) a debit and (b) a credit

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For each of the following accounts indicate the effects of (a) a debit and (b) a credit on the accounts and (c) the normal balance of the account.

1. Accounts Payable.
2. Advertising Expense.
3. Service Revenue.
4. Accounts Receivable.
5. Common Stock.
6. Dividends.

Identify accounts to be debited and credited.

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Financial and Managerial Accounting

ISBN: 978-1119392132

3rd edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Feb 13, 2020 06:01 AM

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For each of the following accounts indicate the effects of (a) a debit and (b) a credit

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a Debit Effect b Credit Effect c Normal Balance 1 Accounts P...View the full answer

Financial and Managerial Accounting

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