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  3. for each account, indicate whether the normal bala

For each account, indicate whether the normal balance is a debit or a credit, and...

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Question

Accounting

For each account, indicate whether the normal balance is a debit or a credit, and the financial
statement-balance sheet or income statement-where the account should be presented.
Account
Normal Balance
Financial Statement
Accounts Payable
Accounts Receivable
Common Stock
Depreciation Expense
Interest Expense
Interest Income
Inventories
Prepaid Expenses
Property and Equipment
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