Financial Accounting, Student Value Edition (5th Edition)
5th Edition
ISBN: 9780134728520
Author: Robert Kemp, Jeffrey Waybright
Publisher: PEARSON
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Chapter 2, Problem 6SE
Effects of debits and credits on accounts (Learning Objective 2) 5-10 min.
For each of the following accounts, indicate if the account’s normal balance is a debit balance (DR) or a credit balance (CR).
_______ Cash
_______ 1. Rent Expense
_______ 2. Accounts Payable
_______ 3. Service Revenue
_______ 4. Office Furniture
_______ 5. Common Stock
_______ 6. Land
_______ 7. Dividends
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Chapter 2 Solutions
Financial Accounting, Student Value Edition (5th Edition)
Ch. 2 - The order in which assets were listed and...Ch. 2 - Prob. 2DQCh. 2 - How is revenue related to retained earnings?Ch. 2 - Prob. 4DQCh. 2 - Prob. 5DQCh. 2 - Prob. 6DQCh. 2 - Prob. 7DQCh. 2 - Distinguish between journalizing and posting.Ch. 2 - True or false: If the trial balance is in balance,...Ch. 2 - When it is time to prepare the financial...
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