The following table summarizes the rules of debit and credit For each of the items (a) through (l), indicate whether the proper answer is a debit or acredit Normal Balance Increase Decrease Balance sheet accounts Asset Liability Owner's equity Credit Credit Capital Drawing Credit (g Debit Income st...

The following table summarizes the rules of debit and credit. For each of the items (a) through

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The following table summarizes the rules of debit and credit. For each of the items (a) through (l), indicate whether the proper answer is a debit or acredit.

The following table summarizes the rules of debit and credit. 128138

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Accounting

ISBN: 978-0324401844

22nd Edition

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

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Question Posted: Jul 17, 2012 02:58 AM

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The following table summarizes the rules of debit and credit. For each of the items (a) through

Question:

Normal Balance Increase Decrease Balance sheet accounts Asset Liability Owner's equity: Credit Credit Capital Drawing Credit (g Debit Income statement accounts Revenue Expense Debit Debit

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a Debit b Debit c Cred...View the full answer

Accounting

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