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: Asset Liability Stockholders' Equity Debit Credit Capital Stock Retained Earnings Dividends Credit Credit Credit Income statement accounts Revenue Expense Debit Credit
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a Debit b Credit c Debit d ...View the full answer
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Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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