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Identify balance sheet accounts that kate will likely need

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Kate Browne has just rented space in a shopping mall. In this space, she will opena hair salon, to be called "Hair It Is." A friend has advised Kate to set up a double-entry set of accounting records in which to record all of her business transactions. Identify the balance sheet accounts that Kate will likely need to record the transactions needed to open her business. Indicate whether the normal balance of each account is a debit or a credit.

Reference no: EM13513387

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