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QS 2-4 Identifying normal balance LO C4 Identify the normal balance (debit or credit) for each of the following accounts. Nor
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Answer #1
Normal Ending Balance
a Note Payable Credit
b Prepaid Rent Debit
c Prepaid Insurance Debit
d Fuel Expense Debit
e Furniture Debit
f Rent Revenue Credit
g Postage expense Debit
h Office Equipment Debit
i Building Debit
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