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23000 375 2000 123 1000 Exercise 5 (5 points total): For each account, indicate the normal balance by inserting debit or cred help give me correct answers
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Answer #1
Normal balance
1 Deferred/Unearned Revenue Credit Liabilities have normal credit balance
2 Utilities expense Debit Expenses have normal debit balance
3 Service Revenue Credit Revenues have normal credit balance
4 Dividends Debit Dividends have normal debit balance
5 Retained Earnings Credit Stockholders' Equity have normal credit balance
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