No AI I'm confused on how this would beinputted into the cengage since ithad a category to putdate,description, debit,creditwwwAM21S

Step 1: Perform Necessary CalculationsMarch 2 - Sale on Account to Equinox Co.Sales Revenue =…

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College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter16: Accounting For Accounts Receivable

Section: Chapter Questions

Problem 2TF: The matching principle states that debits should be matched with credits.

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Similar questions

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Q.2.1 Complete the table below by indicating for each account if the balance will be debit or credit and if it is classified as a non-current orcurrent asset, non-current or current liabilityYou are required to redraft the table in your assignment.(14)Name of account Dr/CrBalanceNon-currentassetCurrentassetNon-currentliabilityCurrentliabilityIncome Expense ProprietaryaccountsE.g. Land &BuildingsDebit XAdvertisingCreditors controlInterest on savingaccountCapitalFurnitureCash floatMortgage loan
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"The following table summarizes the rules of debit and credit. For each of the items A through L, indicate whether the proper answer is a debit or a credit.IncreaseDecrease Normal BalanceBalance sheet accounts:AssetABDebitLiabilityCDebitDStockholders’ equity:Common StockCreditEFRetained EarningsGHCreditDividendsDebitCreditIIncome statement accounts:RevenueJKCreditExpenseLCreditDebit"
ME12Accounts with normal credit balances include: a) Assets and liabilitiesb) Revenues and expensesc) Liabilities and revenuesd) Revenues and assets

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I'm confused on how this would be inputted into the cengage since it had a category to put date,description, debit,credit www AM 21 S