State for each account whether it is likely to have (a) Debit entries only, (b) Credit entries only, or (c) Both debit and credit entries Also, indicate its normal balance 1 Accounts Payable 2 Cash 3 Dorothy Holt, Drawing 4 Miscellaneous Expense 5 Prepaid Insurance 6 Rent Revenue ...

1 Normal CREDIT balance and has both debit and cred ...

State for each account whether it is likely to have (a) Debit entries only, (b) Credit entries

Question:

State for each account whether it is likely to have

(a) Debit entries only,

(b) Credit entries only, or

1. Accounts Payable

2. Cash

3. Dorothy Holt, Drawing

4. Miscellaneous Expense

5. Prepaid Insurance

6. Rent Revenue

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Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Question Posted: Aug 27, 2011 07:29 AM

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State for each account whether it is likely to have (a) Debit entries only, (b) Credit entries

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