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S2-3 Normal account balances [5 min]
The accounting equation includes three basic types of accounts: assets, liabilities, and stockholders’ equity. In turn, stockholders’ equity holds the following types: common
stock, retained earnings, dividends, revenues, and expenses.
Requirement1. Identify which types of accounts have a normal debit balance and which types
have a normal credit balance.Once you are done with your payment, a download link will email it to you instantly. Please let me know if you have any questions. Thanks
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