Identify the normal balance for each of the following accounts. Choose Dr for Debit; Cr for Credit.
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Identify the normal balance for each of the following accounts. Choose Dr for Debit; Cr for Credit.
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A. B. C. D. E. F. Utilities Expense Cash Equipment Rent Revenue Preferred Stock Interest Payable Normal balance
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A Dr Utilities Expense normally has a debit balance as it is an expense account B Cr Cash ...View the full answer
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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