Accounting 1 Test 1

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The normal balance of the Accounts Payable (liability) account is:

A business activity that changes assets, liabilities, or owner's equity is called:

The normal balance of the Cash account is:

The normal balance of the owner's Drawing (withdrawals) account is:

The normal balance of the Supplies account is:

The amount entered on the right side of a T account is:

The normal balance of the Rent Expense account is:

The amount entered on the left side of a T account is: