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The following accounts are from Yoojin Chang s interior design company, Big Apple Design. For each account, complete the following. The basic account category (
The following accounts are from Yoojin Changs interior design company, Big Apple Design. For each account, complete the following.
The basic account category asset liability, owners capital, withdrawal, revenue or expense
The financial statement the account is recorded on Income Statement, Statement of Changes in Equity or Balance Sheet
The normal balance debit or credit
The effect of a debit to the account increase or decrease
The effect of a credit increase or decrease
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