Rules of debit and credit and normal balances State for each account whether it is likely to have (a) debit entries only, (b) credit entries only, or (c) both debit and credit entries. Also, indicate...

Answer 2. Cash alone.

Rules of debit and credit and normal balances<br>State for each account whether it is likely to have (a) debit entries only, (b) credit entries only, or<br>(c) both debit and credit entries. Also, indicate its normal balance.<br>1. Accounts Payable<br>2. Cash<br>3. Dividends<br>4. Miscellaneous Expense<br>5. Insurance Expense<br>6. Fees Earned<br>

Extracted text: Rules of debit and credit and normal balances State for each account whether it is likely to have (a) debit entries only, (b) credit entries only, or (c) both debit and credit entries. Also, indicate its normal balance. 1. Accounts Payable 2. Cash 3. Dividends 4. Miscellaneous Expense 5. Insurance Expense 6. Fees Earned

Jun 10, 2022

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Rules of debit and credit and normal balances State for each account whether it is likely to have (a) debit entries only, (b) credit entries only, or (c) both debit and credit entries. Also, indicate...

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