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For the Following, Select a "A" If the Following Account

Question 183

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For the following, select a "A" if the following account normally has a debit balance and select a "B" if the following account normally has a credit balance.

Premises:
Notes Payable
Mortgage Payable
Rent Revenue
Unearned Income
Drawing
Capital
Accounts Receivable
Automobiles
Utility Expense
Responses:
Credit
Debit

Correct Answer:

Notes Payable
Mortgage Payable
Rent Revenue
Unearned Income
Drawing
Capital
Accounts Receivable
Automobiles
Utility Expense
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