Accounts | Normal balance |
Sales tax Payable | Cr |
Sales | Cr |
Sales Return and Allowances | Dr |
Sales Discounts | Dr |
Credit Card expense | Dr |
Identify the normal balance of the following accounts. Use "Dr" for debit or "Cr" for credit....
Identify the normal balance of the following accounts. Use "Dr." for debit or "Cr." for credit. Normal balance Accounts Freight in Purchases Purchases Returns and Allowances Purchases Discounts
B. Identify the normal balance for each of the following accounts by placing a Dr. (debit) or a Cr. (credit) in the space provided. 1. Fax Machine 2. R. Clark, Withdrawals 3. R. Clark, Capital 4. Legal Fees 5. Cash 6. Accounts Receivable 7. Accounts Payable 8. Rent Expense 9. Office Equipment 10. Prepaid Rent
In the following table, indicate how to increase or decrease (debit or credit) each account, and indicate its normal balance (debit or credit). Increased Decreased Normal by by Balance (debit (debit (debit or credit) or credit) or credit) Title of Account Merchandise Inventory Sales Sales Returns and Allowances Sales Discounts Accounts Receivable Purchases Purchase Returns and Allowances Purchase Discounts Reference-Established up your response in EXCEL workbook as the Table shown in the question & put your reply of Debit...
Build a T-account for each account title. Label the DR (debit), CR (credit), NB (normal balance), and "+" or "-". Debit Credit Normal Balance Long-term Investments Common Stock Dividends + - - + - Det Credit Normal Balance Normal Balance Credit Pension Expense Legal Fees Payable Service Revenue + - +
Exercise A In the following table, indicate how to increase or decrease (debit or credit) each account, and indicate its normal balance (debit or credit). Increased Decreased Normal by by Balance (debit or credit) (debit or credit) (debit or credit) Title of Account Merchandise Inventory Sales Sales Returns and Allowances Sales Discounts Accounts Receivable Purchases Purchase Returns and Allowances Purchase Discounts Accounts Payable Transportation-In
Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance Fees Eamed (Revenues) b. Office Supplies c Owner, Withdrawals d. Wages Expense e. Accounts Receivable E Prepaid Rent 9. Wages Payable h. Building Owner. Capital Debit Credit
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
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
Week 4 Assignment Help Save $ 5,488 Dr. 2,300 Dr. 49 Cr. 11,000 Dr. 1,170 Dr. 1,080 Dr. 7,920 Dr. Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Supplies Prepaid Advertising Store Equipment Accumulated Depreciation-Store Equipment Office Equipment Accumulated Depreciation-Office Equipment 1,470 Cr. 1,428 Dr. 250 Cr. Accounts Payable Social Security Tax Payable Medicare Tax Payable 2,595 Cr. 400 Cr. 85 Cr. Federal Unemployment Tax Payable State Unemployment Tax Payable Salaries Payable Beth Argo, Capital Beth Argo, Drawing Sales...
Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance a. Dividends b. Prepaid Rent c. Common Stock d. Prepaid Service Fees e. Utilities Payable f. Prepaid Parking g. Taxes Payable h. Supplies i. Interest Payable