State the debit and credit effects and identify the normal balance for the following types of accounts:

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(a) Assets,

(b) Liabilities,

(d) Retained earnings,

(e) Dividends,

(f) Revenues, and

(g) Expenses.

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118024492

5th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Question Posted: Jul 18, 2017 01:39 AM

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State the debit and credit effects and identify the normal balance for the following types of accounts:

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Debit Effect Credit Effect Normal Balance a Assets Increase De...View the full answer

Financial Accounting Tools for Business Decision Making

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