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2. Indicate whether the normal balance of each of the following accounts is a Debit or a Credit. (5 marks) a) Prepaid rent f) Rent
2. Indicate whether the normal balance of each of the following accounts is a Debit or a Credit. (5 marks)
a) Prepaid rent
f) Rent revenue
b) Office supplies
g) Bob Norton, Capital
c) Notes payable
h) Account payable
d) Rent expense
i) Advertisement expense
e) Bob Norton, Withdrawals
j) Interest income
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