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Fill in the Blanks The normal balance for an ASSET account is a _______ balance and it increases with a (debit or credit) _____ entry.

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The normal balance for an ASSET account is a _______ balance and it increases with a (debit or credit) _____ entry. The normal balance for a LIABILITY account is a ______ balance and it decreases with a (debit or credit) _____ entry. The normal balance for a SHAREHOLDERS' EQUITY account is a _____ balance and it increases with a (debit or credit) _____ entry.

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