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For the Following, Enter a "A" If the Account Normally

Question 152

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For the following, enter a "A" if the account normally has a debit balance and enter a "B" if the account normally has a credit balance.

Premises:
Unearned Income
Capital Stock
Utility Expense
Notes Payable
Rent Revenue
Mortgage Payable
Accounts Receivable
Dividends
Automobiles
Responses:
credit balance.
debit balance

Correct Answer:

Unearned Income
Capital Stock
Utility Expense
Notes Payable
Rent Revenue
Mortgage Payable
Accounts Receivable
Dividends
Automobiles
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