State for Each Account Whether It Is Likely to Have

question 16

Essay

State for each account whether it is likely to have
(a) debit entries only,
(b) credit entries only, or
(c) both debit and credit entries when recording business transactions during the month. Also, indicate the normal balance of each account.
1.Fees Earned
4.Supplies
2.Utilities Expense
5.Cash
3.Accounts Payable
6.Accounts Receivable

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Definitions:

Pathogens

Microorganisms that cause disease in their host, including viruses, bacteria, fungi, and parasites.

Influenza

A contagious respiratory illness caused by influenza viruses, leading to symptoms like fever, cough, and aches.

Antibodies

Substances formed by white blood cells that recognize and destroy antigens.

Antigens

Foreign substances that induce an immune response in the body, especially the production of antibodies.