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For Each of the Following Accounts Indicate

Question 126

Essay

For each of the following accounts indicate:
a. the type of account (Asset, Liability, Owner's capital, Owner's drawings, Revenue, Expense),
b. the debit and credit effects, and
c. the normal account balance.
For each of the following accounts indicate: a. the type of account (Asset, Liability, Owner's capital, Owner's drawings, Revenue, Expense), b. the debit and credit effects, and c. the normal account balance.
For each of the following accounts indicate: a. the type of account (Asset, Liability, Owner's capital, Owner's drawings, Revenue, Expense), b. the debit and credit effects, and c. the normal account balance.

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1. a. Liability account.
b. Debit decr...

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