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For the Following General Ledger Accounts, Identify the Normal Balance

question 46

Essay

For the following general ledger accounts, identify the normal balance of the account.
Example: Accounts Payable Credit
Accounts Receivable
Building
Cash
Common Shares
Dividends
Equipment
Inventory
Land
Notes Payable
Office Equipment
Office Supplies
Rental Expense
Service Revenue
Travel Expense
Utilities Expense
Wages Expense

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Definitions:

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The condition of relying heavily on another economy for support, goods, services, or financial aid.

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Global South

A term used to describe countries considered lower-income and predominantly situated in the Southern Hemisphere, often focusing on their development challenges.

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Formal post-secondary training or instruction received at colleges or universities, which can lead to an associate's, bachelor's, master's, or doctoral degree.

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