12. An account to be debited should be firstly determined in recording transaction in the general journal. Which of the following should come first? OA. Cash, when the balance decreases B. Accounts payable, when the balance increases C. Accounts receivable, when the balance decreases D. Rent expense, when the balance increases

12. An account to be debited should be firstly determined in recording transaction in the general journal. Which of the following should come first? OA. Cash, when the balance decreases B. Accounts payable, when the balance increases C. Accounts receivable, when the balance decreases D. Rent expense, when the balance increases

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter3: The Double-entry Framework

Section: Chapter Questions

Problem 4SEB: NORMAL BALANCE OF ACCOUNT Indicate the normal balance (debit or credit) for each of the following...

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