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State for Each Account Whether It Is Likely to Have  1. Fees Earned  2. Utilities Expense  3. Accounts Payable \begin{array}{ll}\text { 1. Fees Earned } \\\text { 2. Utilities Expense } \\\text { 3. Accounts Payable }\end{array}

question 147

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. Also, indicate the normal balance of each account.
 1. Fees Earned  2. Utilities Expense  3. Accounts Payable \begin{array}{ll}\text { 1. Fees Earned } \\\text { 2. Utilities Expense } \\\text { 3. Accounts Payable }\end{array}
 4. Supples  5. Cash  6. Accounts Receivable \begin{array}{l}\text { 4. Supples } \\\text { 5. Cash } \\\text { 6. Accounts Receivable }\end{array}


Definitions:

Prototyping

The process of creating an early model or sample of a product to test concepts or processes.

Schemas

Cognitive frameworks or concepts that help individuals organize and interpret information from the world around them.

Instances

Specific examples or occurrences of a particular event, situation, or phenomenon.

Racial Schemas

Cognitive structures that contain knowledge, beliefs, and expectations about racial categories and the social meanings attached to race.

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