Solution-Name two accounts that have a normal credit balance

Name two accounts that have a normal credit balance

Reference no: EM132453995

Question - Please explain,

(1) Name two accounts that have a normal debit balance.

(2) Name two accounts that have a normal credit balance.

(3) Please explain with an example of a journal entry when a company purchases land for $5,000 by paying cash using the debit/credit rules.

Reference no: EM132453995

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Name two accounts that have a normal credit balance

Reference no: EM132453995

Reference no: EM132453995

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