Identify whether the normal balances (in parentheses) assigned to the following accounts are correct or incorrect. a.

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Identify whether the normal balances (in parentheses) assigned to the following accounts are correct or incorrect.

a. Office supplies (Debit)

b. Owner Withdrawals (Credit)

c. Fees Earned (Debit)

d. Wages Expense (Credit)

e. Cash (Debit)
(Credit)

f. Prepaid Insurance (Credit)

g. Wages Payable
h. Building (Debit)

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Fundamental Accounting Principles

ISBN: 9780072946604

17th Edition

Authors: Kermit D. Larson, John J Wild, Barbara Chiappetta

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Question Posted: May 29, 2024 04:04 AM

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Identify whether the normal balances (in parentheses) assigned to the following accounts are correct or incorrect. a.

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Fundamental Accounting Principles

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