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 Normal Balance Increase Decrease Balance sheet accounts Debit Asset Liability Owner's Equity Debit Credit Capital Drawing Credit Income statem...

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. 147206

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Accounting

ISBN: 978-0324188004

21st Edition

Authors: Carl s. warren, James m. reeve, Philip e. fess

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Question Posted: Nov 03, 2012 03:01 AM

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

Question:

Normal Balance Increase Decrease Balance sheet accounts Debit Asset Liability Owner's Equity: Debit Credit Capital Drawing Credit Income statement accounts: Revenue Credit Expense Debit

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a Credit b Credit c D...View the full answer

Accounting

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