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A) Choose all accounts below that would normally have a debit balance. Group of answer choices Equipment Net Income Cost of Goods Sold Retained Earnings

A) Choose all accounts below that would normally have a debit balance.

Group of answer choices

Equipment

Net Income

Cost of Goods Sold

Retained Earnings

Interest Expense

Accounts payable

Rent Expense

Cash

B) Choose all accounts below that would normally have a credit balance.

Group of answer choices

Gain on Sale of Long-term Asset

Depreciation Expense

Prepaid Rent

Accumulated Depreciation

Accounts Receivable

Bad Debt Expense

Accounts Payable

Allowance for Doubtful Accounts

Sales Revenues

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