For each of the following accounts, indicate the effects of (a) a debit and (b) a credit

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For each of the following accounts, indicate the effects of (a) a debit and (b) a credit on the accounts and (c) the normal balance of the account.

1. Accounts Payable. 4. Accounts Receivable.
2. Advertising Expense. 5. A. L. Frankum, Capital.
3. Service Revenue. 6. A. L. Frankum, Drawing.

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For each of the following accounts, indicate the effects of (a) a debit and (b) a credit

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1 a Debit Increase accounts payable b Credit Decrease acco...View the full answer

Accounting Tools for business decision making

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