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the following table summarizes the rules of debit and credit for each of the items a 636840

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.

 

 

 

Normal

 

Increase

Decrease

Balance

Balance sheet accounts:

 

 

 

Asset

(a)

Credit

(b)

Liability

(c)

(d)

Credit

Owner’s equity:

 

 

 

Capital

Credit

(e)

(f)

Drawing

(g)

(h)

Debit

Income statement accounts:

 

 

 

Revenue

(i)

(j)

(k)

Expense

Debit

(l)

Debit

         

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