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Which of the following applications of the rules of debit and credit is true? 1.Increase rent expense with debits and the normal balance is a
Which of the following applications of the rules of debit and credit is true?
1.Increase rent expense with debits and the normal balance is a debit.
2.Decrease accounts receivable with credits and the normal balance is a credit.
3.Increase accounts payable with credits and the normal balance is a debit.
4.Decrease cash with debits and the normal balance is a credit.
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