Question: State for each account whether it is likely to have (a) debit entries only, (b) credit entries only or (c) both credit and debit entries.

State for each account whether it is likely to have (a) debit entries only, (b) credit entries only or (c) both credit and debit entries. Also indicate its normal balance. 1. Accounts payable 2. Cash 3. Dividends 4. Miscellaneous Expense 5. Insurance Expense 6. Fees Earned

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