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The classification and normal balance of the drawing account is the owner's equity with a debit balance. A balance sheet is a summary of a company's liabilities and assets, as well as the shareholders' equity.

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What is the normal balance of drawing?

Drawings is a contra account. Debit is the normal balance of Drawing account.


What is the normal balance of of a drawing account?

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What is the normal account balance of Income Summary?

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What is the normal balance of the merchandise inventory account?

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