The following table summarizes the rules of debit and credit For each of the items (a) through (l), indicate whether the proper answer is a debit or acredit Increase Decrease Normal Balance Balance sheet accounts Asset Liability Owner's equity (a) Credit Credit (c) Credit (e Capital Drawing Income ...

The following table summarizes the rules of debit and credit. For each of the items (a) through

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The following table summarizes the rules of debit and credit. For each of the items (a) through (l), indicate whether the proper answer is a debit or acredit.

The following table summarizes the rules of debit and credit. 115458

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Financial Accounting

ISBN: 978-1133952428

12th Edition

Authors: Warren, Reeve, Duchac

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Question Posted: May 07, 2012 04:44 AM

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The following table summarizes the rules of debit and credit. For each of the items (a) through

Question:

Increase Decrease Normal Balance Balance sheet accounts: Asset Liability Owner's equity: (a) Credit Credit (c) Credit (e Capital Drawing Income statement accounts: Revenue Credit ) 0) Credit Debit Expense

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a Debit b Debit c Deb...View the full answer

Financial Accounting

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