Rules of debit and credit and normal balances State for each account whether it is likely to have…

 
   

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Rules of debit and credit and normal balances State for each account whether it is likely to have (a) Debit entries only, (b) Credit entries only, or (c) Both debit and credit entries. Also, indicate its normal balance. 1. Accounts Receivable 2. Commissions Earned 3. Notes Payable 4. Patricia Mayer, Capital 5. Rent Revenue 6. Wages Expense View Solution:
Rules of debit and credit and normal balances State for each