Essay
For each of the following accounts indicate the effects of (a) a debit and (b) the normal account balance.
1. Notes Payable
2. Prepaid Insurance
3. Salaries and Wages Expense
4. Service Revenue
5. Equipment
6. Owner's Capital
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\[\begin{array} { l l l }
& \text { Deb...View Answer
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Correct Answer:
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& \text { Deb...
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