A T account has three parts: the title,the debit side,and the credit side.
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Q1: Equity accounts normally have debit balances.
Q2: Prepaid insurance and supplies are assets because
Q3: Revenues decrease owner's equity.
Q4: When services are performed for which payment
Q5: Payment of rent on account decreases the
Q7: Withdrawals of cash and other assets by
Q8: The trial balance is used in preparing
Q9: At least two accounts are affected by
Q10: When debits equal credits for a transaction,the
Q11: The difference between the footings of an
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