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Question: Below is a list of common accounts.
Accounts Debit or Credit
Cash 1. _________
Service Revenue 2. _________
Salaries Expense 3. _________
Accounts Payable 4. _________
Equipment 5. _________
Retained Earnings 6. _________
Utilities Expense 7. _________
Accounts Receivable 8. _________
Dividends 9. _________
Common Stock 10. _________
Required: Indicate whether the normal balance of each account is a debit or a credit.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
This report is specific for a core understanding for Financial Accounting and its relevant factors.
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