OPTION - D Inventory.
Account Payable, Sales and Interest revenue has credit balance.
Liabilities and Incomes has credit balance.
Assets and expenses has debit balance.
If you have any doubts please comment on the answer.
Which of the following accounts has a normal debit balance? OA) Accounts Payable B) Sales C)...
8. Which of the following accounts has a normal debit balance? a. Accounts Payable b. Sales Returns and Allowances c. Sales d. Interest Revenue 9. Using a perpetual inventory system, the entry to record the purchase of $30,000 of merchandise on account would include a a. debit to Sales b. debit to Merchandise Inventory c. credit to Merchandise Inventory d. credit to Sales 10. A retailer purchases merchandise with a catalog list price of $15,000. The retailer receives a 30%...
Which of the following accounts has a normal debit balance? O Accounts Payable O Prepaid Rent O Retained Earnings O Common Stock
Indicate whether a debit or credit decreases the normal balance of each of the following accounts Decrease Normal Balance Unearned Revenue b. Unearned Store Sales c. Accounts Payable d. Taxes Payable e. Common Stock f. Buildings 9. Consulting Revenue h. Factory Service Fees Earned Haircutting Revenue Service Revenue 1. Interest Revenue 1 < Prev 34 of 63 !!! Next >
Which of the following accounts does NOT have a normal balance? A. Office Supplies--Balance 1,000 debit B. Accounts Payable --Balance 1,000 credit C. Unearned Revenue--Balance 1,000 credit D. Utilities expense--Balance 1,000 debit E. Service Revenue-Balance 1,000 debit
11. Which of the following accounts has a normal debit balance? (2 PT) a Service revenue b. Owner's Capital c. Unearned Fees d. Wages expense I
Which of the following accounts usually has a debit balance? Purchase Discounts Sales Tax Payable Allowance for Doubtful Accounts Freight In Isaac Co. sells merchandise on credit to Sonar Co in the amount of $9,600. The invoice is dated on April 15 with terms of 1/15, net 45. If Sonar Co. chooses not to take the discount, by when should Sonar make the payment? May 30 May 15 April 25 None of the above. Under the periodic inventory system, all...
Indicate whether a debit or credit decreases the normal balance of each of the following accounts. Decrease Normal Balance a. Cash b. Accounts Receivable c. Note Receivable Prepaid Insurance Prepaid Rent Service Fees Earned Prepaid Parking Supplies Interest Revenue Store Equipment k Office Supplies Salaries Payable
Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance a. Factory b. Fees Earned (Revenues) c. Haircutting Revenue d. Accounts Payable e. Land f. Office Supplies g. Cash h. Insurance Expense i. Buildings
Identify the normal balance (debit or credit) for each of the following accounts 2 Normal Ending Balance a Rental Revenue b Note Receivable 2 c Haircutting Revenue points d Common Stock ePrepaid Rent eBock fDividends Priet Salaries Payable h Accounts Payable References iPrepaid Insurance
Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance a. Factory b. Fees Earned (Revenues) Credit c. Haircutting Revenue d. Accounts Payable e. Land f. Office Supplies g. Cash h. Insurance Expense i. Buildings