1. Capital, revenue, and expense accounts are all part of which of the following account categories?

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a. assets

b. marketable securities

c. investments

d. owners’ equity

2. Which account normally has a debit balance?

a. sales

b. accounts payable

c. retained earnings

d. equipment

3. Which of the following kinds of accounts would appear in a general ledger?

a. liability accounts

b. revenue accounts

c. capital accounts

d. all of the above

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