Identify each of the following accounts of Liken Services Co. as asset, liability, stockholders' equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit.

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Identify each of the following accounts of Liken Services Co. as asset, liability, stockholders' equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit.

Normal Balances of Accounts

business accounting

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Answer 1

Answer #1

Identifying each of the following accounts of Liken Services Co.:-

	Item	Type of Account	Debit or Credit
a.	Accounts Payable	Liabilities	Credit
b.	Accounts Receivable	Assets	Debit
c.	Cash	Assets	Debit
d.	Common Stock	Stockholders Equity	Credit
e.	Dividends	Stockholders Equity	Debit
f.	Fees Earned	Revenue	Credit
g.	Land	Assets	Debit
h.	Rent Expense	Expense	Debit
I.	Supplies	Assets	Debit
j.	Utilities Expense	Expense	Debit

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Answer 2

Answer #2

Identify each of the following accounts of Dispatch Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit:

Item	Type of Account	Debit or Credit
a. Accounts Payable
b. Accounts Receivable
c. Ashley Griffin, Capital
d. Ashley Griffin, Drawing
e. Cash
f. Fees Earned
g. Office Equipment
h. Rent Expense
i. Supplies
j. Wages Expense

answered by: brittany

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Answer 3

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Identify each of the following accounts of Liken Services Co. as asset, liability, stockholders' equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit.

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Identify each of the following accounts of Liken Services Co. as asset, liability, stockholders' equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit.

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Identify each of the following accounts of Liken Services Co. as asset, liability, stockholders' equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit.