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thank you. will rate!! 33. Listed below are selected accounts from the financial statements December 31, 2007. In the blank space provided for each account,
thank you. will rate!!
33. Listed below are selected accounts from the financial statements December 31, 2007. In the blank space provided for each account, normal balance, and the debit/credit rules for increasing and decreasing it. your answers: Strom the financial statements of Windham Company for the year ended space provided for each account indicate what type of account it is, its creasing and decreasing it. Use the following abbreviations for Type of Account A = Asset L = Liability OE = Owners' Equity R = Revenue E = Expense Normal Account - Balance Dr = Debit Cr= Credit Rules to Increase or Decrease the Account Dr = Debit Cr=Credit Type of Account Normal Balance Dr Rule to Increase Dr Rule to Decrease Example: Cash (a) Income Taxes Accounts Payable Retained Earnings Prepaid Expenses Sales Revenues Long-term Debt Intangibles (h) Common StockStep by Step Solution
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