Rules of debit and credit for periodic inventory accounts Complete the following table by indicating for (a)

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Rules of debit and credit for periodic inventory accounts Complete the following table by indicating for

(a) through (g) whether the proper answer is debit or credit:

Account Increase Decrease Normal Balance Purchases debit

(a) (b)

Purchases Discounts credit

(c) credit Purchases Returns and Allowances

(d)

(e) (f )

Freight In debit (g) debit AppendixLO1

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Corporate Financial Accounting

ISBN: 9781337398176

15th Edition

Authors: Carl Warren, Jefferson Jones

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