11.What is the normal balance in each of these accounts? (Use the following abbreviationsto answer this question; D - Debit , C- Credit)..Bank deposit..Accounts payable..Capital..Retained earnings5- .Accounts receivable1..6-. ..Cash7- .2- .3-..Inventory. Prepaid insurance. Bank loan8-.4-....9.10-.. Sales revenue12.Classify the items listed (1 to 5) under the following balance sheet headings:A- AssetsL- LiabilitiesSE- Shareholders' Equity1 .Cash2 .3-. ..Capital.Equipment.Accounts payable..Retained earnings4-.5 .

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11.What is the normal balance in each of these accounts? (Use the following abbreviations to answer this question; D - Debit , C- Credit) 1 .Bank deposit 6- .Cash 7 . Inventory 8- .Prepaid insurance . Bank loan Sales revenue 2- . .Accounts payable „Capital .Retained earnings 3-. 4-. 9-. 5- . ..Accounts receivable 10-.

11.What is the normal balance in each of these accounts? (Use the following abbreviations to answer this question; D - Debit , C- Credit) 1 .Bank deposit 6- .Cash 7 . Inventory 8- .Prepaid insurance . Bank loan Sales revenue 2- . .Accounts payable „Capital .Retained earnings 3-. 4-. 9-. 5- . ..Accounts receivable 10-.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

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