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7) Indicate whether each of the accounts listed below normally will have a debit or a credit balance. Record your answer to the left of
7) Indicate whether each of the accounts listed below normally will have a debit or a credit balance. Record your answer to the left of each account by entering either Dr or Cr. 1. Allowance for doubtful accounts 2. Bad debt expense 3. Sales returns and allowances 4. Deferred revenue 5. Sales discounts 6. Notes receivable 7. Sales revenue 8. Short-term investments
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