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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 Cash a. Debit side b. Credit side
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Finance for Non Financial Managers
Authors: Pierre Bergeron
7th edition
176530835, 978-0176530839
