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Which of the following statements about expenses is CORRECT? O Expenses increase owner's equity, so an expense account's normal balance is a credit balance. O

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Which of the following statements about expenses is CORRECT? O Expenses increase owner's equity, so an expense account's normal balance is a credit balance. O Expenses decrease owner's equity, so an expense account's normal balance is a credit balance. O Expenses increase owner's equity, so an expense account's normal balance is a debit balance. O Expenses decrease owner's equity, so an expense account's normal balance is a debit balance

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