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How Accounts, Debits, and Credits Are Used to Record Business Transactions - Describe parts of an account: 1. Account title 2. Debits 3. Credits -

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How Accounts, Debits, and Credits Are Used to Record Business Transactions - Describe parts of an account: 1. Account title 2. Debits 3. Credits - Why is T-Account called a "T-Account"? - How is the ending account balance calculated? - The normal balance of an account is - The normal balance for Assets, Dividends, and Expenses is a balance. - The normal balance for Liabilities, Common Stock, and is a balance

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