PA10. LO 3.4 Identify whether the following transactions would be recorded with a debit (Dr) or credit (Cr) entry. Indicate the normal balance of the account. Transaction Debit or credit? Normal balance Equipment increase Dividends Paid increase Repairs Expense increase Service revenue decrease Miscellaneous Expense increase Bonds Payable decrease

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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PA10. LO 3.4 Identify whether the following transactions would be recorded with a debit (Dr) or credit (Cr)
entry. Indicate the normal balance of the account.
Transaction
Debit or credit?
Normal balance
Equipment increase
Dividends Paid increase
Repairs Expense increase
Service revenue decrease
Miscellaneous Expense increase
Bonds Payable decrease
Transcribed Image Text:PA10. LO 3.4 Identify whether the following transactions would be recorded with a debit (Dr) or credit (Cr) entry. Indicate the normal balance of the account. Transaction Debit or credit? Normal balance Equipment increase Dividends Paid increase Repairs Expense increase Service revenue decrease Miscellaneous Expense increase Bonds Payable decrease
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