For each account listed below, indicate whether it generally will have debit entries only, credit entries only,

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For each account listed below, indicate whether it generally will have debit entries only, credit entries only, or both debit and credit entries:
(a) Cash
(b) Accounts Receivable
(c)
Dividends
(d) Accounts Payable
(e)
Service Revenue
(f) Salaries Expense
(g) Unearned Revenue
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Related Book For  answer-question

Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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