Question: Demostrate how to increase or decrease (debit or credit) each account, and indicate its normal balance (debit or credit). Title of Account Increased by (debit

Demostrate how to increase or decrease (debit or credit) each account, and

indicate its normal balance (debit or credit).

Title of Account Increased by (debit or credit) Decreased by (debit or credit) Normal Balance (debit or credit) Merchandise Inventory Sales Sales Returns & Allowances Sales Discounts Accounts Receivable Purchases Purchase Returns & Allowances Purchase Discounts Accounts Payable Transportation in

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