The following table summarizes the rules of debit and credit. For each of the items (a) through
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Increase Decrease Normal Balance Balance sheet accounts: Asset (a) Credit (b) Liability Stockholders' equity: Capital Stock Retained Earnings Credit (c) (d) Credit (e) (f) (g) Debit Debit Credit Dividends (h) (i) Income statement accounts: Revenue Credit (j) (k) Expense (1) Credit Debit
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Related Book For
Corporate Financial Accounting
ISBN: 9781337398169
15th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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