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 its normal balance.1. Accounts Payable2. Cash3. Del Robinson, Drawing4. Miscellaneous Expense5. Insurance Expense6. Fees Earned

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A:

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.