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Question 5 For the following accounts, please indicate whether their normal balance is on the credit side or the debit side of the T-account.
Question 5 For the following accounts, please indicate whether their normal balance is on the credit side or the debit side of the T-account. HINT: "Normal Balance" refers to the side that increases the account. John Smith, Capital Accounts Receivable Accounts Payable Interest Revenue a. Debit side b. Credit side Cash
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Managerial Accounting
Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp
1st Canadian Edition
978-0132490252, 132490250, 978-0176223311
