Exercise 3.3Determining debit and credit balances. Indicate whether each of the following accounts normally has a debit

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Exercise 3.3Determining debit and credit balances.

Indicate whether each of the following accounts normally has a debit balance or a credit balance:

1. Equipment 2. Accounts Receivable 3. Salaries Expense 4. Supplies 5. Accounts Payable 6. Fee Income 7. Taylor Brown, Capital 8. Cash Objective 3-3

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