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Normal Balances

josh
June 19, 2015 0 Comment

Normal Balances

Tell whether the normal balance of each account listed below is a debit or a credit.
a. Accounts Payable
b. Supplies
c. Dividends
d. Fees Earned
e. Rent Expense
f. Accounts Receivable
g. Unearned Revenue
h. Equipment
Recording Transactions in T Accounts

Set up T accounts and record each transaction using the information below. Determine the balance of each account.
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