The following table summarizes the rules of debit and credit. For each of the items (a) through
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Normal Balance Increase Decrease Balance sheet accounts Debit Asset Liability Owner's Equity: Debit Credit Capital Drawing Credit Income statement accounts: Revenue Credit Expense Debit
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a Credit b Credit c D...View the full answer
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Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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